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Jun 7, 2024 · We are pleased to announce that TDR Capital has agreed to acquire Zuber Issa’s shares in ASDA and will become the majority shareholder with 67.5% ownership. The transaction is expected to complete in Q3 2024. TDR Capital invested in Asda alongside the Issa brothers, and together they took majority ownership of the business in June 2021.
Jun 7, 2024 · When the transaction is completed, TDR Capital will own 67.5% of Asda, with Mohsin Issa owning 22.5% of the grocer and former majority owner Walmart holding a 10% stake. The private equity firm bought the business alongside the two Issa brothers in June 2021. The firm said, alongside the Issa brothers, it has “supported Asda to accelerate its ...
- Hugh Radojev
TDR Capital was co-founded in 2002 by Manjit Dale, Stephen Robertson, and Tudor Capital. [3] [4] [5] It is located on Bentinck Street in Marylebone, central London. [4] [5] In 2006, it was a large shareholder of the Gondola Group, which owned PizzaExpress. [6] In September 2013, TDR acquired the David Lloyd Leisure fitness chain for £750 ...
TDR Capital is also able to partner with smaller, high-growth companies in the lower mid-market through its complementary SOF I Fund. ... Currently Investing. €300 ...
Jul 6, 2024 · Skip to main content. Funds managed by TDR Capital LLP, a leading UK-based private equity firm, have today announced that they have agreed to acquire Zuber Issa’s shares in Asda. Mohsin Issa remains a co-owner in Asda alongside TDR Capital. This brings the ownership of Asda to 67.5% by TDR Capital, 22.5% by Mohsin Issa, and 10% by Walmart Inc.
Jun 7, 2024 · In 2020, TDR made another large bet alongside the Issa brothers when they agreed to acquire Asda in a £6.8bn deal at the peak of a boom in leveraged buyouts.
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Feb 16, 2021 · Britain's Issa brothers and private equity firm TDR Capital said on Tuesday they had completed the acquisition of supermarket group Asda from Walmart (WMT.N) for an enterprise value of 6.8 billion ...
