TDR Capital is a British

private equity firm A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including le ...

headquartered in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

, England.

History

TDR Capital was co-founded in 2002 by Manjit Dale, Stephen Robertson, and Tudor Capital.Company Overview of TDR Capital LLP
''Bloomberg Business'' It is located on Bentinck Street in

Marylebone Marylebone (usually , also , ) is a district in the West End of London, in the City of Westminster. Oxford Street, Europe's busiest shopping street, forms its southern boundary. An ancient parish and latterly a metropolitan borough, it m ...

, central London. In 2006, it was a large shareholder of the Gondola Group, which owned

PizzaExpress PizzaExpress is a British multinational restaurant group, owned by a group of bondholders. It has over 470 restaurants across the United Kingdom and 100 overseas in Europe, Hong Kong, China, India, Indonesia, Kuwait, the Philippines, the Unit ...

.Peter Smith
Private equity dipping into own cash
''Financial Times'', 25 September 2006 In September 2013, TDR acquired the David Lloyd Leisure fitness chain for £750 million. In 2014 they acquired 85% of the developers

Keepmoat Keepmoat Homes Ltd is a housebuilding company in the United Kingdom that provides private homes for sale. Its headquarters are in Doncaster. History The company was founded in Rotherham by George Bramall and Dick Ogden as Bramall & Ogden in 19 ...

. The remaining 15% was acquired by

Sun Capital Partners (UK) Sun Capital Partners Limited is a British private equity firm headquartered in Central London. History Sun Capital Partners Limited was founded in 2001 by Hugh Osmond. It is located on Portman Mews South in Marble Arch, central London. In 20 ...

. In March 2015, it negotiated to acquire LeasePlan.Eyk Henning
TDR Capital-Led Consortium to Buy LeasePlan for Over $3.2 Billion
''The Wall Street Journal'', 11 March 2015 In October 2015, they acquired a stake in

Euro Garages EG Group is a British retailer headquartered in Blackburn, United Kingdom, which operates filling stations, convenience stores and fast-food restaurants in Europe, the United States and Australia. The group was created through the combination o ...

. As of 2015, it has over £4.8 billion (€6.8 billion) in committed capital. In June 2019, it purchased BCA Marketplace.TDR Capital agrees to buy car auctioneer BCA in £2bn deal
''Financial Times'', June 2019 In October 2020, it purchased

Asda Asda Stores Ltd. () (often styled as ASDA) is a British supermarket chain. It is headquartered in Leeds, England. The company was founded in 1949 when the Asquith family merged their retail business with the Associated Dairies company of Yorks ...

from

Walmart Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquarter ...

for £6.8 billion, as part of a consortium with Zuber and

Mohsin Issa Mohsin Issa CBE: and Zuber Issa CBE: are British-Indian billionaire brothers and businessmen who both co-founded Euro Garages (EG), a chain of petrol filling stations and convenience stores that operate in Europe, the United States and Aust ...

, with whom it owns EG Group.

References

External links

* {{coord, 51.5170, -0.1499, display=title Financial services companies established in 2002 Financial services companies based in London Private equity firms of the United Kingdom Companies based in the City of Westminster Buildings and structures in Marylebone British companies established in 2002