TDR Capital

• TDR Capital Becomes Majority Owner of Asda

  November 1, 2024

  Buyer

  TDR Capital

  Target

  Asda

  Seller

  Zuber Issa

  Industry

  Retail

  Location

  West Yorkshire, United Kingdom

  Type

  Buyout

  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 Acquires Majority Stake in Acqua & Sapone

  June 26, 2024

  Buyer

  TDR Capital LLP

  Target

  Acqua & Sapone

  Seller

  H.I.G. Capital, Barbarossa family

  Industry

  Retail

  Location

  Italy

  Type

  Buyout

  TDR Capital signed an agreement to acquire Acqua & Sapone, Italy’s leading non-food value discount retailer focused on household and personal care products, from H.I.G. Capital and the founding Barbarossa family. H.I.G. and the Barbarossa family will retain a significant equity stake, and the transaction was subject to antitrust clearance at announcement.

• TDR Capital V and I Squared Capital Acquire Majority Stake in Applus Services

  June 14, 2024

  Buyer

  Amber EquityCo S.L.U., TDR Capital, I Squared Capital

  Target

  Applus Services, S.A.

  Industry

  Industrial Services

  Location

  Community of Madrid, Spain

  Type

  Buyout

  Amber EquityCo S.L.U., a vehicle formed and jointly controlled by TDR Capital and funds advised by I Squared Capital, has completed the acquisition of a majority stake in Applus Services, S.A. Applus is a global leader in testing, inspection, and certification (TIC), operating in 70+ countries with more than 26,000 employees and serving energy, automotive, aerospace and industrial markets.

• TDR Capital Acquires Majority Stake in Jollyes

  February 28, 2024

  Buyer

  TDR Capital, Andy Bond, Jollyes management

  Target

  Jollyes

  Seller

  Kester Capital

  Industry

  Retail

  Location

  England, United Kingdom

  Type

  Buyout

  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 Takes Stake in Popeyes UK Master Franchise

  August 1, 2023

  Buyer

  TDR Capital

  Target

  Popeyes UK

  Seller

  Ring International Holdings

  Industry

  Restaurants & Hospitality

  Location

  England, United Kingdom

  Type

  Growth capital

  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 IV (via Sherwood Acquisitions) Acquires Arrow Global Group plc

  October 11, 2021

  Buyer

  TDR Capital IV, Sherwood Acquisitions Ltd

  Target

  Arrow Global Group Plc

  Seller

  Public shareholders of Arrow Global plc

  Industry

  Financial Services

  Location

  England, United Kingdom

  Type

  Buyout

  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 IV Acquires BPP Holdings Ltd

  July 6, 2021

  Buyer

  TDR Capital IV

  Target

  BPP Holdings Ltd

  Seller

  Vanta Education Holdings Ltd

  Industry

  Education

  Location

  England, United Kingdom

  Type

  Buyout

  TDR Capital IV has completed the acquisition of BPP Holdings Ltd from Vanta Education Holdings Ltd. BPP is a leading UK-based provider of professional and vocational higher education, with strong corporate relationships and a broad portfolio of courses across law, accountancy, finance, digital analytics and nursing; TDR intends to scale the business and benefit from increased use of technology in education.

• TDR Capital and Issa Brothers Complete Acquisition of Asda from Walmart

  February 16, 2021

  Buyer

  TDR Capital (funds managed by TDR Capital), Mohsin and Zuber Issa (EG Group)

  Target

  Asda

  Seller

  Walmart

  Industry

  Retail

  Location

  West Yorkshire, United Kingdom

  Type

  Buyout

  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.

• Globalization Partners Raises $150M Minority Investment

  February 4, 2020

  Buyer

  Wincove Private Holdings, TDR Capital, Sands Capital

  Target

  Globalization Partners Inc.

  Industry

  Staffing & HR

  Location

  Massachusetts, United States

  Type

  Growth capital

  Globalization Partners Inc. closed a $150 million minority equity investment led by funds managed by Wincove Private Holdings and TDR Capital, with participation from Sands Capital. The capital will be used to accelerate the company’s growth — including investments in client services, technology development, sales, and global expansion of its employer-of-record platform.

Related Acquisition Pages