Posts tagged “Mergers and Acquisitions”

Leisure Connection for sale

>The Editor of a well-known leisure publication called me to say that Leisure Connection was up for sale. The company operates 80 sports and leisure centres on behalf of UK local authorities. It also operates four National Sport Centres on behalf of Sport England. PricewaterhouseCoopers are advising on the sale. ...

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David Lloyd Leisure Purchased by London & Regional Properties

So, after much speculation, contracts have been exchanged on the sale of the 69 UK, Irish and European clubs. Versailles Bidco Limited, a company owned by London & Regional Holdings Limited and Bank of Scotland Corporate agreed a cash sum of £925 million, equivalent to £13.4 million per club or ...

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David Lloyd says no to Esporta Purchase

Firstly, the Esporta deal has gone through, which means I am now paying my £142 per month membership fee to Simon Halabi, the property magnate (as if he didn't have enough money already!). Not content with buying Esporta, it transpires that secret talks have been taking place between Esporta and Whitbread ...

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Esporta Health Clubs Sale Runs into Trouble

The Esporta deal has more twists and turns than Silverstone. Contracts were exchanged back in November of last year for the sale of the 54 Esporta clubs to Simon Halabi. However, a reliable contact informs me that not all is going well with the completion. So, has the buyer uncovered ...

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UK Health Club Review 2006

>This year has seen frenetic activity in the UK health club market with several large chains seeing a change in ownership. Here is a summary of the big deals:London & Regional Properties acquire the 15 Next Generation clubs for £198 million (€294 million euros).Bannatyne Fitness ...

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Dragon Slain

So LA Fitness has got its cheque book out yet again and snapped up the 21 Dragons health clubs (owned by Crown Sports PLC) for a `lofty`£60 million. LA is paying 13.2 p a share which is a 70% premium on the present share price. Ray Pierce, Chairman of Crown Sports ...

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Europe’s Largest Health Club For Sale

A `for sale at the right price` went up over the Next Generation business this week. Next Gen’ operates 12 racquet and health/fitness clubs across the UK. UBS is analysing ` strategic options` which is a euphemism for `find us a buyer`. The chain could be worth up to £200 ...

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