OC&C advises TDR Capital on continuation vehicle transaction for David Lloyd Leisure

We are pleased to congratulate TDR Capital on the successful transfer of David Lloyd Leisure into a new continuation vehicle. OC&C provided sell-side vendor due diligence to support the transaction.

David Lloyd is Europe’s leading premium health, fitness and racquets group, with over 130 clubs across the UK and continental Europe. Since acquiring the business in 2013, TDR has supported David Lloyd through a period of significant growth and investment—expanding its footprint, enhancing its member proposition, and reinforcing its premium positioning in the wellness and leisure market.

The transaction sees ownership of David Lloyd move from TDR Capital III and its co-investors into a new continuation vehicle, backed by both existing and new investors. The process enables TDR to continue supporting the company’s growth ambitions while providing liquidity to existing investors.

OC&C and Private Equity

We’re a leading global strategy consultancy with deep expertise in the Leisure and Wellness sectors. We work with major global investors and local champions alike. In private equity, we have advised on more than 500 successful transactions over the last five years, supporting both buy-side and sell-side processes.

How we can help:

• We provide growth strategy support, as well as commercial diligence relating to transactions.
• We assist Management teams and investors with accelerating or improving their portfolio companies’ performance.
• We help investors identify potential investment themes or assets to target.
• We translate investment theses into actionable Value Creation Plans.

For more on our experience in this space, get in touch with our sector experts or email [email protected].