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Issa Brothers and TDR Capital Complete the Acquisition of Asda from Walmart
Walmart Inc., Asda Group Limited, the Issa brothers and TDR Capital have announced that the Issa brothers, founders and co-CEOs of EG Group, a global convenience and forecourts retailer, headquartered in Blackburn, UK, and investment funds managed by TDR Capital LLP, a leading UK-based private equity firm, have completed the acquisition of Asda, Walmart’s wholly-owned UK business, for an enterprise value of £6.8 billion, on a debt-free and cash-free basis.
The Issa brothers and TDR Capital have acquired a majority ownership stake in Asda, while Walmart will...
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