A Travers Smith team led by private equity partner Paul Dolman and senior corporate associate Adam Orr has advised management on the acquisition of David Lloyd Leisure ("DLL") by investment funds managed by TDR Capital LLP ("TDR").

David Lloyd Leisure is Europe's leading premium, health, sport and leisure group with 81 clubs in the UK alone. DLL has recently diversified its portfolio with the launch of a new personal and group training fitness concept, DL Studios.

TDR, which has previously been involved with some of the most successful leisure retail brands of recent years including PizzaExpress, Center Parcs UK and Stonegate Pub Company, is acquiring the entire share capital of the Group. Financial terms of the transaction have not been disclosed.

The Travers Smith team also included tax partner Kathleen Russ and tax associate Madeline Gowlett.

TDR was advised by Linklaters LLP and the institutional sellers were advised by DLA Piper.