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Announced

Completed

TDR Capital and David Lloyd Leisure completed the acquisition of Meridian from Afinum.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Private Equity

Majority

Single Bidder

wellness centers

Germany

Friendly

Recreational Services

Private

Cross Border

Synopsis

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TDR Capital and David Lloyd Leisure, a British multinational sports, health and leisure business, completed the acquisition of Meridian, a fitness center in Hamburg, Germany, from Afinum. Financial terms were not disclosed. "The Meridian Group is a strong and well-respected operator in the German health and fitness industry, and is a key strategic acquisition for David Lloyd Leisure. We have ambitious plans to further invest in and further develop the clubs, and look forward to meeting the Meridian members and team, and sharing our vision for the future," Glenn Earlam, DL CEO.

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