TDR Capital LLP
TypePrivate
Founded2002 (2002)
FounderManjit Dale
Stephen Robertson
HeadquartersLondon, England, UK
Subsidiaries
[1]
Websitewww.tdrcapital.com

TDR Capital LLP 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 had over £4.8 billion (€6.8 billion) in committed capital.[3]

In June 2019, it purchased BCA Marketplace,[10] renaming it Constellation Automotive Group in October 2020; Constellation holds six automotive related subsidiaries.[11]

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.[12]

In February 2023, TDR acquired a 3.1% stake in Vertu Motors.[13]

In August 2023, TDR invested £50 million into Popeyes UK, the fast-food chain founded in New Orleans.[14][15][16] In the same month, TDR, through its subsidiary Arrow Global, gained full control of real estate fi-nance provider Maslow Capital, which in addition to their significant minor stake, acquired the remaining shares in Maslow.[17][18]

References

  1. ↑ "Current investments | TDR Capital". tdrcapital.com. Retrieved 17 May 2021.
  2. ↑ "Bid battle hots up at PizzaExpress - Citywire".
  3. 1 2 3 "TDR". TDR. Retrieved 14 August 2015.
  4. 1 2 Company Overview of TDR Capital LLP, Bloomberg Business
  5. ↑ Peter Smith, Private equity dipping into own cash, Financial Times, 25 September 2006
  6. ↑ Monaghan, Angela (5 September 2013). "David Lloyd Leisure fitness chain to be bought by TDR Capital for £750m". The Guardian. Retrieved 14 August 2015.
  7. ↑ Blackman, David (2017). "Moody's puts Keepmoat under rating review". Social Housing (17 Mar 2017). Retrieved 29 October 2017.
  8. ↑ Eyk Henning, TDR Capital-Led Consortium to Buy LeasePlan for Over $3.2 Billion, The Wall Street Journal, 11 March 2015
  9. ↑ Begum, Shelina (20 October 2015). "TDR Capital takes a bite into Euro Garages for £1.3bn". Manchester Evening News. Retrieved 7 May 2017.
  10. ↑ TDR Capital agrees to buy car auctioneer BCA in £2bn deal, Financial Times, June 2019
  11. ↑ "Our Brands". Constellation Automotive Group. 19 June 2023. Retrieved 19 June 2023.
  12. ↑ "Asda bought by billionaire brothers in £6.8bn deal". BBC News. 2 October 2020. Retrieved 2 October 2020.
  13. ↑ "Constellation Automotive owner TDR Capital acquires stake in Vertu Motors". www.am-online.com. Retrieved 26 December 2023.
  14. ↑ London, Lela. "Popeyes Secures $63 Million Investment In The UK". Forbes. Retrieved 7 January 2024.
  15. ↑ McCarthy, Sebastian. "TDR Capital gets taste for chicken with Popeyes deal". www.penews.com. Retrieved 7 January 2024.
  16. ↑ "Popeyes UK secures £50m funding package to drive next phase of growth". restaurantonline.co.uk. 1 August 2023. Retrieved 7 January 2024.
  17. ↑ Robinson, Jon (23 August 2023). "Arrow Global takes full control of real estate finance provider". Business Live. Retrieved 8 January 2024.
  18. ↑ Patel, Bea (24 August 2023). "Arrow Global acquires Maslow Capital". BTR News. Retrieved 8 January 2024.

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