TDR Capital and Issa Brothers Complete Acquisition of Asda from Walmart

February 16, 2021

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.

Buyers
TDR Capital (funds managed by TDR Capital), Mohsin and Zuber Issa (EG Group)
Targets
Asda
Sellers
Walmart
Industry
Retail
Location
West Yorkshire, United Kingdom
Transaction Type
Buyout

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