Next Generation clubs had been acquired – a UK oriented, high-end racquets and fitness business.
Consideration was given to merging the existing Next Generation business with David Lloyd Leisure, a much larger competitor.
The merged business created a dominant, large scale, upper-end leisure business in the UK.
Group acquired in JV with the Bank of Scotland.
Appealing to families ensured that the memberships were secure, even during a financial downturn.
Investment Strategy
What we did
The merger of the two businesses created significant cost and operational synergies.
Several properties were sold where there was a geographical overlap.
Plan to build out the development programme of existing owned sites and acquire further properties to continue to grow the group, ahead of an IPO
Contact
Discuss a project with us
Whether you hold an underperforming asset, are weighing an acquisition, or need an owner-side view on strategy and capital, we would be glad to talk it through.
