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1. www.thisismoney.co.uk › money › marketsNew era for Asda as TDR Capital becomes majority owner

   www.thisismoney.co.uk › money › markets

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   Jun 8, 2024 · TDR Capital, which helped finance Issa and his brother Moshin's debt-fuelled £6.8billion takeover of Asda in 2021, will become the group's majority owner after buying Zuber's 22.5 per cent...

2. www.ft.com › content › ce7092f9-645a-46bd-8007-611cInside the secretive private equity firm behind the £6.8bn ...

   www.ft.com › content › ce7092f9-645a-46bd-8007-611c

   Jun 28, 2021 · Details of how private equity executives are paid are typically difficult to track down. But accounts for TDR Capital LLP shed some light.

3. corporate.asda.com › newsroom › 2024/07/06TDR Capital to become majority owner of Asda

   corporate.asda.com › newsroom › 2024/07/06

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   Jul 6, 2024 · TDR Capital is a leading European private equity firm with over €15 billion of assets under management. Founded in 2002, TDR typically acquires majority stakes in strong, market-leading European companies with the potential for robust growth and resilience throughout economic cycles.

4. www.tdrcapital.com › tdr-capital-to-becomeTDR Capital to become majority owner of ASDA

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   Jun 7, 2024 · We are pleased to announce that TDR Capital has agreed to acquire Zuber Issa’s shares in ASDA and will become the majority shareholder with 67.5% ownership. The transaction is expected to complete in Q3 2024.

5. www.bbc.com › news › business-56085128Asda: How to buy a £6.8bn supermarket for £780m - BBC

   www.bbc.com › news › business-56085128

   Feb 16, 2021 · Firms such as TDR Capital, known as private equity firms, have backed nearly 5,000 buyout deals over the past decade, worth a total of £350bn, according to research firm Preqin - although the...

6. pe-insights.com › inside-the-secretive-privateInside the secretive private equity firm behind the £6.8bn ...

   pe-insights.com › inside-the-secretive-private

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   Jun 28, 2021 · The structure was arranged by private-equity fund TDR Capital in 2017 when management decided to buy a local drinking fountain across the street. Today, TDR uses an equally complex model for the largest transactions ever.

7. People also ask

   Who is TDR Capital?

   • TDR Capital is a leading European private equity firm with over €15 billion of assets under management. Founded in 2002, TDR typically acquires majority stakes in strong, market-leading European companies with the potential for robust growth and resilience throughout economic cycles. TDR has managed five European mid-market buyout funds.

   TDR Capital to become majority owner of Asda

   corporate.asda.com/newsroom/2024/07/06/tdr-capital-to-become-majority-owner-of-asda

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   Why did TDR Capital Invest in Asda?

   • Gary Lindsay and Tom Mitchell, Managing Partners of TDR Capital, said: “We first invested into Asda over three years ago, seeing a huge opportunity to cement its position as one of the UK’s leading retail brands.”

   TDR Capital to become majority owner of ASDA

   www.tdrcapital.com/tdr-capital-to-become-majority-owner-of-asda/

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   Who invests in TDR?

   • While TDR’s investors include large US pension funds such as the Pennsylvania State Employees’ Retirement System and Japan’s Norinchukin Bank, there is also a cohort of “family and friends” who pay lower management fees.

   Inside the secretive private equity firm behind the £6.8bn Asda buyout

   www.ft.com/content/ce7092f9-645a-46bd-8007-611c99fd8907

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   Did TDR buy out Greensill capital?

   • Several of TDR’s dealmakers have personally bought stakes in companies that the buyout firm is not involved with. Some of them are backing a group of former employees of Greensill Capital, the supply chain finance group that collapsed in a financial and political scandal this year, to start a new venture called Silver Birch.

   Inside the secretive private equity firm behind the £6.8bn Asda buyout

   www.ft.com/content/ce7092f9-645a-46bd-8007-611c99fd8907

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   Who owns TDR?

   • It puts the future of Asda’s 145,000 staff, and a crucial component of the country’s food supply, in the hands of investors about which little is known. Led by former bankers Manjit Dale and Stephen Robertson, TDR was set up as Tudor Dale Robertson, with capital from US hedge fund billionaire Paul Tudor Jones.

   Inside the secretive private equity firm behind the £6.8bn Asda buyout

   www.ft.com/content/ce7092f9-645a-46bd-8007-611c99fd8907

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   Who invests in TDR's buyout funds?

   • Dale declined to comment. TDR’s own executives are typically the single largest group of investors in its funds, contributing around 10 to 15 per cent, well above the 5.5 per cent that the data firm Preqin said is the average for buyout funds.

   Inside the secretive private equity firm behind the £6.8bn Asda buyout

   www.ft.com/content/ce7092f9-645a-46bd-8007-611c99fd8907

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8. www.retail-week.com › grocery › private-equity-firmTDR Capital becomes Asda majority owner as Issa brothers ...

   www.retail-week.com › grocery › private-equity-firm

   Jun 7, 2024 · Private equity firm TDR Capital has become the majority owner of Asda after it acquired Zuber Issa’s share in the business. Asda’s store footprint has risen to 1,200 stores and food-to-go sites under TDR Capital and Issa’s ownership.