TDR Capital to become majority owner of Leeds-based supermarket chain Asda

Private equity firm TDR Capital is to become the majority owner of the Leeds-based supermarket chain Asda.

Funds managed by TDR Capital have agreed to acquire Zuber Issa’s shares in Asda. Mohsin Issa remains a co-owner in Asda alongside TDR Capital. In a statement, Asda said: “This brings the ownership of Asda to 67.5 per cent by TDR Capital, 22.5 per cent by Mohsin Issa, and 10 per cent by Walmart Inc. The transaction is set to complete in Q3 of 2024. “TDR Capital invested in Asda alongside the Issa brothers, and together they took majority ownership of the business in June 2021.

Asda’s heritage is in delivering great value for customers on a daily basis across its entire proposition from groceries to fashion and food-to-go – and the board has never been more committed to deliver on this promise. The board and shareholders continue to put in place the building blocks to position Asda for long-term success and that is good news for colleagues, customers, suppliers and other business partners.

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