TDR Capital Becomes Majority Owner of Asda

TDR Capital and Issa Brothers Complete Acquisition of Asda from Walmart

February 16, 2021

Retail

Funds managed by TDR Capital, alongside EG Group co-shareholders Mohsin and Zuber Issa, have acquired Asda from Walmart, with Walmart retaining a minority stake. Asda — a Leeds-headquartered, omni-channel supermarket operator with an estate of over 600 stores and a large online grocery platform — will be repositioned to drive growth, particularly through a partnership with EG Group to develop convenience retail and food-to-go capabilities.

TDR Capital Acquires Majority Stake in Acqua & Sapone from H.I.G. Capital

June 26, 2024

Retail

Funds managed by TDR Capital have acquired a majority stake in Acqua & Sapone from an affiliate of H.I.G. Capital, with the Barbarossa family and H.I.G. retaining a significant equity interest. Acqua & Sapone is Italy's leading non-food discount retailer, operating over 700 stores and generating roughly €1.1 billion in annual revenue; TDR says it will work with management and existing shareholders to continue the company's growth.

TDR Capital Acquires Majority Stake in Jollyes

February 28, 2024

Retail

TDR Capital has agreed to acquire a majority stake in Jollyes, the UK pet specialty retailer, to support an accelerated store expansion and roll-out of grooming and veterinary-led community clinics. The investment, expected to complete in March/April 2024, will see Andy Bond join as non-executive chairman and management retain a stake; seller referenced in announcements is Kester Capital.

TDR Capital IV (via Sherwood Acquisitions) Acquires Arrow Global Group plc

October 11, 2021

Financial Services

TDR Capital IV, via its acquisition vehicle Sherwood Acquisitions Ltd, has completed a take-private acquisition of Arrow Global Group plc, a London-listed European asset manager specialising in non-performing loans and alternative credit. The transaction will allow Arrow to transition to a fully vertically integrated fund management business and pursue long-term growth across its core European markets.

TDR Capital Takes Stake in Popeyes UK Master Franchise

August 1, 2023

Restaurants & Hospitality

TDR Capital has acquired a stake in the master franchise rights of Popeyes UK from current owners Ring International Holdings. The investment will accelerate Popeyes UK's restaurant opening programme across the United Kingdom, supporting further store roll-out and job creation.

ASDA Acquires EG Group's UK & Ireland Business

October 31, 2023

Retail

ASDA has completed the acquisition of EG Group’s UK and Ireland operations, comprising 356 petrol filling stations and 462 food-to-go locations. The deal accelerates ASDA’s convenience retail strategy, substantially expanding its forecourt and convenience footprint and making ASDA the #3 convenience retailer in the UK.