Leading law firm Blake Morgan has advised its longstanding client David Lloyd Leisure on the acquisition of a premium health club The Academy in Harrogate.
The deal, led by Blake Morgan Corporate partner Manoj Styche Patel, is a key part of David Lloyd Leisure’s ambitious growth and investment strategy and affirms its position as the UK’s leading health, fitness and racquets group.
Blake Morgan real estate lawyer Ian Howlett and corporate associate Gemma Spiceley also advised on the transaction.
Manoj Styche-Patel, who is David Lloyd Leisure’s relationship partner at Blake Morgan said:
“We are pleased to have advised David Lloyd Leisure on this important acquisition. This was a complex deal but we drew on our specialist expertise and knowledge of the leisure industry and David Lloyd Leisure in particular to ensure a seamless transaction. I would like to congratulate David Lloyd Leisure on the purchase and look forward to working with the Company in the future as they continue to invest in their impressive health club portfolio.”
Their latest acquisition is welcome news for health enthusiasts as the business plans to invest over £3 million into the refurbishment of the club.
Brendan Mitchell, Group Acquisitions Manager at David Lloyd Leisure, commented:
‘I would like to thank the team at Blake Morgan for their commercial and pragmatic approach on what was a significant acquisition for us. Their professionalism and understanding of the leisure sector was key to the successful delivery of this deal.”
Blake Morgan has an international portfolio of multi-national client companies (public and private), SMEs, owner managed businesses and start-ups with a need for high-quality corporate and M&A support and advice.
The corporate team is acknowledged within the legal industry and in the independent legal directories, for providing a first-class level of service across a wide range of transactions including mergers, acquisitions, sales, private equity and joint ventures.