TDR Capital LLP has formed TDR Capital Titan to acquire a majority stake in David Lloyd Leisure, enhancing its growth prospects in the European premium fitness market.

Target Information

TDR Capital LLP, a prominent private equity firm based in the UK, has successfully established a new continuation vehicle named TDR Capital Titan. This vehicle aims to acquire a majority stake in David Lloyd Leisure, the largest operator of premium racquets, health, and fitness clubs in Europe. The acquisition is taking place through TDR Capital III and its co-investors and represents a strategic move to enhance David Lloyd’s growth trajectory.

TDR Capital Titan is designed to leverage the successful foundation laid by TDR III while simultaneously allowing existing investors to monetize their interests in a high-quality asset. The deal also opens avenues for new investors eager to partake in David Lloyd’s growth and expansion in the wellness sector.

Industry Overview

The fitness and wellness industry in Europe has shown consistent growth over the past decade, driven by an increasing consumer focus on health, fitness, and overall well-being. The European market is characterized by a rising number o