Benjamin Carter is a corporate finance correspondent for Crezzio, specializing in shareholder activism, mergers and acquisitions, and corporate governance. He reports on the strategic battles shaping public companies.
Private equity firm TDR Capital is preparing to sell the David Lloyd Clubs fitness chain, with an expected valuation of approximately £2 billion after a decade of ownership.
Activist investor Land & Buildings is pushing Six Flags to spin off or sell its real estate, arguing it could unlock $6 billion in value and reprice shares. Six Flags stock rose 4% on the news.
David Lloyd Clubs has opened a new £33 million luxury health and wellness facility in Cricklewood, London, creating over 100 jobs and offering extensive spa, fitness, and family amenities.
David Lloyd Clubs has announced a £250 million acquisition of the FitLife Gyms chain, adding 45 locations and over 150,000 members to its UK portfolio.
Citi analyst James Hardiman has maintained a "Buy" rating for Six Flags stock with a $33 price target, citing a major shareholder's push to monetize real estate.
David Lloyd Leisure has opened its 103rd UK club in Rugby, Warwickshire, an £11 million facility creating over 80 jobs with extensive fitness and spa amenities.
Activist investor Land & Buildings has urged Six Flags Entertainment to sell or spin off its real estate to unlock shareholder value amid post-merger challenges.
Activist investor Land & Buildings is renewing its push for Six Flags to separate its real estate from park operations, citing a 55% stock decline.
Activist investor Land & Buildings is urging Six Flags to sell its real estate, valued at $5.67 billion, and has identified casino REIT VICI Properties as a likely buyer.
Activist investor Land & Buildings is publicly urging Six Flags to sell its real estate holdings, a move it claims could be worth up to $6 billion.
Activist investor Land & Buildings is pushing Six Flags for a major strategic shift, including the potential sale or spinoff of its real estate assets.