Carlsquare advised Aspria, the high-end operator of 10 upscale member clubs across Germany, Belgium, Italy and Spain, and its shareholders on the sale to David Lloyd Leisure (“David Lloyd Clubs”), a portfolio company of TDR Capital. The transaction significantly expands David Lloyd’s European footprint to 40 clubs on the continent – alongside its 109 clubs in the UK – and reinforces its position as Europe’s leading premium health and wellness group.