TDR Capital

TDR Capital LLP is a British private equity firm headquartered in London, England.

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

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 2018 founded ilke homes - a volumetric house builder with a factory in Knaresborough. [10] And very quickly ran it in to the ground, leaving 1100 jobless and owing £320million

In June 2019, it purchased BCA Marketplace,[11] renaming it Constellation Automotive Group in October 2020; Constellation holds six automotive related subsidiaries.[12]

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.[13]

References
  1. "Current investments | TDR Capital". tdrcapital.com. Retrieved 17 May 2021.
  2. "Bid battle hots up at PizzaExpress - Citywire".
  3. "TDR". TDR. Retrieved 14 August 2015.
  4. 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. "About".
  11. TDR Capital agrees to buy car auctioneer BCA in £2bn deal, Financial Times, June 2019
  12. "Our Brands". Constellation Automotive Group. 19 June 2023. Retrieved 19 June 2023.
  13. "Asda bought by billionaire brothers in £6.8bn deal". BBC News. 2 October 2020. Retrieved 2 October 2020.

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