TDR Capital Takes Stake in Popeyes UK Master Franchise

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 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 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.

Sixth Street Acquires Majority Stake in Lemon Pepper Holdings (Wingstop UK)

December 22, 2024

Restaurants & Hospitality

Sixth Street has signed a definitive agreement to become the majority shareholder in Lemon Pepper Holdings, the master franchisee that operates Wingstop in the United Kingdom and Ireland. The investment will support Wingstop UK’s rapid expansion — the company operates 57 sites (expected), has created over 2,500 jobs and expects revenue in excess of £150 million this year, with a target of 200 locations within five years.

Tasty Chick'n (Triton Pacific Affiliate) Acquires Portfolio of 90 Franchised KFC and KFC/Taco Bell Restaurants

January 18, 2022

Restaurants & Hospitality

Triton Pacific Capital Partners' portfolio company, Tasty Chick'n, LLC, acquired a portfolio of 90 franchised KFC restaurants across eight U.S. states, including 15 co-branded KFC/Taco Bell locations. The transaction expands Tasty Chick'n's quick-service footprint and serves as an add-on to the firm's restaurant platform managed by Tasty Restaurant Group.

Triton Pacific Affiliate Tasty Chick'n Acquires 64-Unit KFC Portfolio

May 21, 2024

Restaurants & Hospitality

Triton Pacific Capital Partners' affiliate, Tasty Chick'n, acquired a 64-unit portfolio of KFC restaurants across the Central and Southeastern United States as an add-on to its existing restaurant platform. The acquisition expands the footprint of Tasty Chick'n/Tasty Restaurant Group and provides opportunities for new unit development and operational synergies.