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 leve ...

headquartered in

London London is the capital and 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 down to the North Sea, and has been a majo ...

, England.

History

TDR Capital was co-founded in 2002 by

Manjit Dale Manjit Dale (born June 1965) is a London-based businessman. He founded TDR Capital with Stephen Robertson in 2002.

, 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 Civil parish#Ancient parishes, ancient parish and latterly a ...

, central London. In 2006, it was a large shareholder of the

Gondola Group Gondola Group was a chain restaurant operator in the United Kingdom and Republic of Ireland, Ireland. It operated several casual dining brands: *Byron Hamburgers, sold to Hutton Collins for £100 million in October 2013. *Kettners, champagne bar ...

, 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 David Lloyd Leisure is Europe's largest health, fitness and leisure business by revenue, operating 130 clubs across nine countries. History David Lloyd established David Lloyd Leisure in 1982 and opened the first club, aimed at providing a fa ...

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 1 ...

. The remaining 15% was acquired by Sun Capital Partners (UK). In March 2015, it negotiated to acquire

LeasePlan LeasePlan is an international company of Dutch origins, specialised in automobile leasing and fleet management. Its products are composed of operational fleet management services. It was founded in 1963. It has more than 14% of its approximately ...

.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 of ...

. As of 2015, it has over £4.8 billion (€6.8 billion) in committed capital. In June 2019, it purchased

BCA Marketplace BCA Marketplace, formerly British Car Auctions, is a used vehicle marketplace. It was listed on the London Stock Exchange until it was acquired by TDR Capital in November 2019. History In 1946 Royal Navy officer David Wickins decided to sell h ...

.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 York ...

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 Indians, British-Indian billionaire brothers and businessmen who both co-founded Euro Garages (EG), a chain of Filling station, petrol filling stations and convenience stores that operate in Euro ...

, 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