White & Case Advises Virgin Active on Sale of 16 Health Clubs to David Lloyd
Global law firm White & Case LLP has advised Virgin Active on the competition aspects of the sale of 16 UK health clubs to David Lloyd Leisure.
"This transaction is an important step in Virgin Active's international strategy to focus its operations on metropolitan and commuter hubs in its key markets. It also represents an important milestone for the competition team in London as it's our first instruction from Virgin Active," said London-based White & Case partner Marc Israel.
"The original deal was for the sale of 16 health clubs but as the Competitions and Markets Authority has identified a potential issue, we will now work with Virgin Active and David Lloyd to ensure that completion of the sale of the other clubs can take place imminently."
Virgin Active's first club opened in 1999 and, since then, it has grown to become the leading international health club operator with over 1.4 million adult members, 14,000 employees and over 240 clubs spanning four continents and ten countries (South Africa, UK, Italy, Spain, Portugal, Australia, Namibia, Botswana, Thailand and Singapore).
The White & Case team which advised on the transaction was led by partner Marc Israel, supported by associate Aqeel Kadri.
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