TDR looks at selling David Lloyd gym chain to itself after exit struggle

TDR looks at selling David Lloyd gym chain to itself after exit struggle

Private equity group explores transferring its stake in leisure chain to a continuation fund

Asda owner TDR Capital weighs up huge sale which could impact millions of Brits

Private equity giant TDR Capital, which is the majority owner of the supermarket giant, is looking to offload the gym chain to itself, it has been reported

Asda owner TDR Capital weighing up David Lloyd sale

TDR Capital, the private equity giant behind the likes of Asda, is considering selling gym chain David Lloyd to itself. The firm has hired Jefferies to explore its options which could include transferring its stake from one of its funds to another while securing new investors. According to the FT, which first reported the story, the deal could value David Lloyd between £1.8bn and £2.3bn. In June 2024, City AM reported that David Lloyd cut its pr…