ASDA Acquires EG Group's UK & Ireland Business

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.

EG Group Acquires Cooplands Bakery

October 4, 2021

Restaurants & Hospitality

EG Group has acquired CS Food Group Holdings Limited (Cooplands), a long-established UK bakery operator with three bakeries and roughly 180 retail stores and cafes. The deal (which brings more than 1,600 employees into EG Group) is intended to accelerate EG Group's diversification into foodservice and expand Cooplands’ reach into EG’s forecourt and convenience-store network.

EG Group Acquires Nine Mercury Fuel Service Convenience Store Locations

March 18, 2021

Retail

EG Group (through its US arm EG America) has entered into an Asset Purchase Agreement to acquire nine company-operated convenience store locations from Mercury Fuel Service in Connecticut. The sites will be rebranded to the Cumberland Farms banner to create a more consistent network presence across Connecticut; the deal is expected to close in the coming months.

EG Group Acquires Schrader Oil

November 9, 2020

Retail

EG Group has entered into a binding agreement to acquire Schrader Oil, a family-owned operator of 18 convenience retail stores and fuel stations in Northern Colorado. The acquisition expands EG Group's U.S. network (Loaf 'N Jug) and will see Schrader sites rebranded to Loaf 'N Jug; the transaction is expected to close by end of 2020 subject to regulatory approvals.

EG Acquires Lindbak Retail Systems AS

June 3, 2019

Software

Danish software company EG has acquired Norwegian retail software firm Lindbak Retail Systems AS, marking EG's first acquisition under the ownership of Francisco Partners. Lindbak will operate as an independent business area within EG, with its management and ~130 employees transferring to EG to strengthen EG's retail software capabilities across Scandinavia.

Asterion, EDF Invest and Swiss Life Asset Managers Acquire Energy Assets Group

June 25, 2020

Energy

A consortium of Asterion Industrial Partners, EDF Invest and Swiss Life Asset Managers has completed the acquisition of Energy Assets Group (EAG) from Alinda Capital Partners and Hermes Infrastructure. Headquartered in Livingston, Scotland, EAG is a leading provider of multi-utility metering services, meter asset management and last-mile utility connections in the UK; the investors plan to support its continued growth and expansion into adjacent sectors such as IGT/IDNO, fibre and EV charging infrastructure.