TDR Capital Acquires Majority Stake in Jollyes

TDR Capital Becomes Majority Owner of Asda

November 1, 2024

Retail

TDR Capital has acquired Zuber Issa's shares in Asda and become the majority shareholder with 67.5% ownership, while Mohsin Issa and Walmart remain co-shareholders. TDR said it will continue to work with Asda management to drive long-term growth, focusing on low prices, expanding convenience retail and investing in stores and online.

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.

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 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 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.

Stewart's Shops Acquires Jolley Associates and S.B. Collins Businesses

December 16, 2024

Retail

Stewart's Shops Corp. has acquired the retail convenience-store operations of Jolley Associates LLC and the wholesale petroleum and residential heating oil businesses of S.B. Collins Inc., adding 45 convenience stores across Vermont, New Hampshire and New York. The deal expands Stewart's regional footprint and integrates fuel distribution and heating-oil operations previously owned by the Jolley family; Matrix Capital Markets advised the sellers.