17 Nov 2025

Travers Smith Advises David Lloyd Leisure Senior Management on Investment by TDR Capital Titan

"Travers Smith LLP advised the senior management team of David Lloyd Leisure on an investment by newly established continuation vehicle TDR Capital Titan, which is backed by investors including the Children’s Investment Fund Foundation (via TCI Fund Management), Coller Capital-managed funds, Apollo’s Sponsor and Secondary Solutions (S3), CVC Secondary Partners and Hollyport Capital."

Travers Smith LLP advised the senior management team of David Lloyd Leisure on an investment by a newly established continuation vehicle, TDR Capital Titan. The investment was made by TDR Capital Titan, a continuation vehicle backed by investors and asset managers including the Children’s Investment Fund Foundation (acting through its investment manager, TCI Fund Management), investment funds managed by Coller Capital, Apollo’s Sponsor and Secondary Solutions (S3) business, CVC Secondary Partners and Hollyport Capital. David Lloyd Leisure is the largest health, fitness and leisure business in Europe by revenue, operating 130 clubs across nine countries. Travers Smith has supported DLL’s senior management team for more than ten years, including advising them on TDR’s initial investment. Travers Smith LLP represented the senior management team of David Lloyd Leisure with a team composed by: Private Equity & Financial Sponsors Partner Adam Orr; Associates Cari Sweeney and Ingrid Solberg; Trainee Tamar Kamladze; Tax Partner Hannah Manning; and Senior Associate Callum Burgess.
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