CIFF participates in TDR Capital Titan through investment manager TCI
The Children's Investment Fund Management →Travers Smith announced that it advised David Lloyd Leisure’s senior management on an investment by the newly established TDR Capital Titan continuation vehicle. The named backers included the Children’s Investment Fund Foundation, acting through its investment manager TCI Fund Management, alongside funds managed by Coller Capital, Apollo’s Sponsor and Secondary Solutions business, CVC Secondary Partners and Hollyport Capital. The announcement described David Lloyd Leisure as operating health, fitness and leisure clubs across nine European countries. The distinction between foundation and manager matters: the disclosed investor was CIFF, with TCI acting in an investment-management capacity. No TCI proprietary investment amount, ownership percentage or investor-specific transaction value was disclosed.