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More Buyout News. Are DLL on the verge of a sale?

It’s a rumour that’s been around for quite some time but there’s now some more concrete evidence that the sale of the premium health club chain could be imminent. Lot’s of interest from private equity firms reported but industry insiders are hedging their bets speculating that they could be key acquisition for one of their rivals.

KSL Capital Partners is reportedly looking to purchase gym chain David Lloyd, thought to be worth around £900m.

The Sunday Times said the US-based private equity firm, which recently bought UK hotel chains Malmaison and Hotel du Vin, is one of several potential buyers with US investment house Blackstone also thought to be mulling a bid.

The Hatfield-based gym group has 80 clubs across the UK and is named after former English tennis professional David Lloyd, who founded the business in 1980.

It has a focus on racquet sports with around 700 tennis courts, 180 badminton courts and 140 squash courts.

It has around 450,000 members and employs 6,000 staff.”

Source: Health Club Management

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