David Lloyd Clubs / Virgin Active gyms merger inquiry
The CMA investigated the anticipated acquisition by David Lloyd Clubs Limited of 16 Virgin Active Limited gyms.
|Phase 1 date||Action|
|13 June 2017||Undertakings in lieu of reference accepted|
|26 May 2017||Decision published|
|19 May 2017||Decision announced|
|21 March 2017||Launch of merger inquiry|
|17 to 31 March 2017||Invitation to comment|
Undertakings in lieu of reference accepted
13 June 2017: The CMA has accepted undertakings in lieu of reference for the anticipated acquisition by David Lloyd Clubs Limited of 16 Virgin Active Limited gyms. A copy of the undertakings and the decision are available below.
- UIL acceptance decision (13.6.17)
- Final undertakings (13.6.17)
- News story: CMA accepts gyms merger undertakings (13.6.17)
Undertakings in lieu of reference consultation: now closed
26 May 2017: We are consulting on proposed undertakings in lieu of a reference for the anticipated acquisition by David Lloyd Clubs Limited of 16 Virgin Active Limited gyms.
- Notice of consultation (26.5.17)
- Proposed undertakings (26.5.17)
- News story: CMA consults over gyms merger undertakings (26.5.17)
CMA to consider undertakings offered
26 May 2017: The CMA considers that there are reasonable grounds for believing that the undertakings offered by David Lloyd Clubs Limited, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. A copy of the decision is available below.
Reference unless undertakings accepted
19 May 2017: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns. The full text of the decision is available below.
- Full text decision (26.5.17)
- News story: Gyms merger has chance to avoid in-depth investigation (19.5.17)
Launch of merger inquiry
21 March 2017: The CMA announced the launch of its merger inquiry by notice to the parties.
- Commencement of initial period notice (21.3.17)
Invitation to comment: Now closed
17 March 2017: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
Please send written representations about any competition issues to:
Competition and Markets Authority
Published: 17 March 2017
Updated: 13 June 2017
Opened: 17 March 2017
Closed: 13 June 2017
- Undertakings in lieu of reference accepted.
- Full text decision published, CMA to consider undertakings announcement added, decision that undertakings might be accepted published, and undertakings in lieu of reference consultation launched.
- Decision announced: reference unless undertakings accepted.
- Launch of CMA merger inquiry.
- First published.
Case type: Mergers
Case state: Closed
Market sector: Recreation and leisure