The long-standing owner of David Lloyd Leisure, one of Britain's biggest upmarket health and racquet sports chains, is preparing to listen to offers of more than £2bn.
Sky News has learnt that TDR Capital, which has owned the business since 2013, has engaged bankers from Morgan Stanley to work on a review of its strategic options. City sources said on Tuesday that a sale would only proceed if there was interest at a sufficiently attractive valuation for TDR. David Lloyd trades from approximately 150 clubs, and is said to be trading extremely well despite growing leisure industry concerns about the impact of the cost of living crisis.
Source: News Formal (newsformal.com)
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New York office market bolstered by sale valuing tower at $2bn\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Source: FT - 🏆 113. / 51 Read more »
Source: BBCNorthampton - 🏆 32. / 68 Read more »
Victoria Beckham is a fashion fantasy as she cosies up to David on the front rowVictoria Beckham cemented her place as a fashion icon once again this week as she stepped out at Paris Fashion Week in a surprising choice of footwear for the Jacquemus runway show
Source: OK_Magazine - 🏆 12. / 84 Read more »
Sick vandals scratch Star of David onto Muslim cars on quiet residential streetSeveral vehicles were targeted over the weekend
Source: LiveLancs - 🏆 10. / 87 Read more »
Frantic search launched for missing Moray man who vanished over weekendLloyd Irvine, 37, was last spotted in the Bishopmill area of Elgin at around 10pm on Saturday, June 24.
Source: Daily_Record - 🏆 9. / 89 Read more »
Source: OK_Magazine - 🏆 12. / 84 Read more »