M&A Deal Summary

TDR Capital Acquires David Lloyd Clubs

On September 16, 2013, private equity firm TDR Capital acquired leisure company David Lloyd Clubs from Caird Capital

Acquisition Highlights
  • This is TDR Capital’s 2nd transaction in the Leisure sector.
  • This is TDR Capital’s 10th transaction in the United Kingdom.

M&A Deal Summary
Date 2013-09-16
Target David Lloyd Clubs
Sector Leisure
Buyer(s) TDR Capital
Sellers(s) Caird Capital
Deal Type Secondary Buyout
Advisor(s) Jamieson Corporate Finance LLP (Financial)
DLA Piper (Legal)

Target

David Lloyd Clubs

Hertfordshire, United Kingdom
David Lloyd Clubs is an operator of racquets, health and fitness clubs in Europe. The portfolio consists of 91 premium, family-oriented clubs with 80 clubs in the UK and 10 sites in Europe including Brussels, Barcelona, Dublin and Amsterdam. David Lloyd Clubs was formed in 1982 and is based in Hertfordshire, United Kingdom.

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Buyer(S) 1

Buyer

TDR Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 15.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

TDR Capital is a private equity firm that targets large companies valued from €300 million to €1.5 billion. TDR has a particular interest in under-managed, under-invested or misunderstood companies which may be transformed through greater strategic and operational focus. TDR is sector agnostic, however the Firm has a preference for opportunities in the leisure/hospitality, financial services, and business services sectors. TDR Capital was formed in 2002 and is based in London.

DEAL STATS #
Overall 13 of 31
Sector (Leisure) 2 of 4
Type (Secondary Buyout) 2 of 6
Country (United Kingdom) 10 of 18
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Lowell

Leeds, United Kingdom

Lowell acquires portfolios of charged off debt from a wide range of financial services companies and other lenders, and is now one of the leading players in the UK market. Lowell is based in Leeds, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 Delek Europe BV

Breda, Netherlands

Delek Europe B.V. operates fuelling stations and convenience stores.

Buy €355M

Seller(S) 1

SELLER

Caird Capital

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Caird Capital was a private equity firm focused on acquiring and investing in UK-based middle-market companies. Caird does not have any sector preferences. Caird Capital was founded in 2010 and is based in London, England.

DEAL STATS #
Overall 11 of 19
Sector (Leisure) 1 of 2
Type (Secondary Buyout) 4 of 8
Country (United Kingdom) 10 of 18
Year (2013) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 Lambert Smith Hampton

London, United Kingdom

Lambert Smith Hampton (LSH) is a commercial property consultancy operating from a national network of 27 offices based in the UK and Ireland. The company offers a wide range of consultancy and transactional services to an enviable private and public sector client base. LSH’s revenues are diversified by client, geography and service line.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-16 Maynard & Harris Group

Beccles, United Kingdom

Maynard & Harris Group Ltd. is in the design, manufacture and decoration of high quality plastic bottles, closures, flexible tubes, and jars to a range of markets including personal care, healthcare, pharmaceutical, nutritional, pet care, automotive and household products.

Sell -
Mergr

Product

Company

Legal