TDR Capital
 | |
| Company type | Private |
|---|---|
| Founded | 2002 |
| Founder | Manjit Dale Stephen Robertson |
| Headquarters | London, England, UK |
| Subsidiaries | Algeco Scotsman David Lloyd Leisure EFR Group Hurtigruten Keepmoat IMO Car Wash Group Retirement Advantage MCS Group Stonegate Pub Company Ving Group (20%) EG Group (50%) Asda (50%) Buffalo Grill Grill Courtepaille[1] |
| Website | www |
TDR Capital is a British private equity firm headquartered in London, England.
History
TDR Capital was co-founded in 2002 by Manjit Dale, Stephen Robertson, and Tudor Capital.[2][3][4] It is located on Bentinck Street in Marylebone, central London.[3][4]
In 2006, it was a large shareholder of the Gondola Group, which owned PizzaExpress.[5]
In September 2013, TDR acquired the David Lloyd Leisure fitness chain for £750 million.[6]
In 2014 they acquired 85% of the developers Keepmoat. The remaining 15% was acquired by Sun Capital Partners (UK).[7]
In March 2015, it negotiated to acquire LeasePlan.[8] In October 2015, they acquired a stake in Euro Garages.[9]
As of 2015, it has over £4.8 billion (€6.8 billion) in committed capital.[3]
In June 2019, it purchased BCA Marketplace.[10]
In October 2020, it purchased Asda from Walmart for £6.8 billion, as part of a consortium with Zuber and Mohsin Issa, with whom it owns EG Group.[11]
References
- ^ "Current investments | TDR Capital". tdrcapital.com. Retrieved 17 May 2021.
- ^ "Bid battle hots up at PizzaExpress - Citywire".
- ^ a b c "TDR". TDR. Retrieved 14 August 2015.
- ^ a b Company Overview of TDR Capital LLP, Bloomberg Business
- ^ Peter Smith, Private equity dipping into own cash, Financial Times, 25 September 2006
- ^ Monaghan, Angela (5 September 2013). "David Lloyd Leisure fitness chain to be bought by TDR Capital for £750m". The Guardian. Retrieved 14 August 2015.
- ^ Blackman, David (2017). "Moody's puts Keepmoat under rating review". Social Housing (17 Mar 2017). Retrieved 29 October 2017.
- ^ Eyk Henning, TDR Capital-Led Consortium to Buy LeasePlan for Over $3.2 Billion, The Wall Street Journal, 11 March 2015
- ^ Begum, Shelina (20 October 2015). "TDR Capital takes a bite into Euro Garages for £1.3bn". Manchester Evening News. Retrieved 7 May 2017.
- ^ TDR Capital agrees to buy car auctioneer BCA in £2bn deal, Financial Times, June 2019
- ^ "Asda bought by billionaire brothers in £6.8bn deal". BBC News. 2 October 2020. Retrieved 2 October 2020.