Team effort as Blake Lapthorn advises on sale of David Lloyd Leisure Group
A large team of lawyers from Blake Lapthorn have advised on the portfolio in the high-profile sale of the David Lloyd Leisure Group to a private equity firm.
Members from the firm’s Southampton-based Real Estate team worked on the property aspects of the deal which saw the group sold to TDR Capital LLP for an undisclosed sum.
The Blake Lapthorn team advised David Lloyd Leisure Operations Holdings Limited, the holding company owed by private equity firm Caird Capital LLP and London & Regional Holdings Limited.
The Blake Lapthorn team produced Certificates of Title – documents used to establish the current ownership of property - for the entire David Lloyd Leisure portfolio in England and Wales.
The David Lloyd Leisure Group operates 83 fitness clubs in the UK and a further 10 sites across Europe.
Blake Lapthorn associate Daniel Curtis said: “This was a major transaction. We ended up producing 80 City of London Certificates of Title, which is a major undertaking.
“It is great news that we were asked to work on such a high-profile deal.”