Unquote

UK - BOSIF participates in £925m acquisition of David Lloyd Leisure

  • Sarah
  • LinkedIn  
  • Google plus  

Bank of Scotland Integrated Finance (BOSIF), together with London & Regional Properties (L&R), has provided an integrated debt and equity package to facilitate the Next Generation Clubs (NGC) £925m acquisition of David Lloyd Leisure Ltd (DLL) from Whitbread Plc. BOSIF and L&R will take a combined majority equity stake in the enlarged group, with management holding the balance.

Founded in 1982 by ex-tennis professional and leisure entrepreneur David Lloyd, DLL is the market leader in racquet focused premium health clubs. The business operates 62 clubs in the UK and Ireland, in addition to 9 clubs in Holland, Belgium and Spain. NGC was established in 1997 by David Lloyd's son, Scott, with the aim to primarily target families. NGC has grown substantially through acquisition and integration, and currently has 18 clubs located around the UK.
  • LinkedIn  
  • Google plus  

More on Buyouts

Latest News