The Issas, backed by TDR Capital, are buying Asda at a time when the U.K. food retail sector has been seeing rapid change thanks to Covid-19 and a … By Greis Gaeta, Riccardo Colombo, Federico De Rosa, Lorenzo Mirone (Bocconi University), Jonathan Fuchs and Chiara Fulvi (LSE) Overview of the deal Acquirer: TDR Capital, Issa brothers Target: Asda Total Transaction Size: £6.8 Bn Walmart, after a lengthy auction process, has reached an agreement with the Issa brothers, billionaire owners of the oil company EG Group, and the private … Asda has been sold to two billionaire brothers from Blackburn and the private equity firm TDR Capital in a deal that values the supermarket chain at £6.8bn.. Asda… The British billionaire Issa brothers and private equity group TDR Capital have agreed to buy the British supermarket chain Asda from Walmart for … TDR Capital and the Issa brothers, who made their wealth in gas stations. Walmart Inc. (“Walmart”), Asda Group Limited (“Asda”), the Issa brothers and TDR Capital have today 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… London-based private equity firm TDR Capital and two billionaire brothers who founded petrol station operator EG Group have teamed up to acquire Asda from Walmart, in a deal that values the British supermarket chain at £6.8bn. Asda’s planned £6.8 billion takeover by the billionaire Issa brothers and private equity firm TDR Capital is being investigated by the UK’s competition watchdog. According to the terms of the deal, Mohsin and Zuber Issa and TDR Capital will hold majority ownership. TDR Capital - a London investment firm behind We Buy Any Car and David Lloyd gyms - bought a 50% stake in EG Group in 2015. (RTTNews) - U.K.-based Issa brothers and private equity firm TDR Capital on Friday agreed to acquire supermarket chain Asda Group Ltd., owned … We are proud to be investing alongside Mohsin and Zuber, who have built EG Group into a global convenience retailer and will now bring that experience to bear at Asda. The Issas retain the remaining 50%. Gary Lindsay at TDR Capital said: “Asda is a strong and well-managed business with one of the leading brands in UK retail. Brothers Mohsin and Zuber Issa and private equity firm TDR Capital are set to acquire the supermarket chain Asda in what will be the UK’s biggest leveraged takeover in more than a decade.