TDR Capital
PE roll-up strategies face regulatory heat with focus on consumer industries
With longer holding periods facilitating more bolt-ons, regulators including the UK's CMA are intervening
Jewson carve-out sees Apollo, CVC, HIG, TDR in round two
Final bids for Saint-Gobain's building materials unit are due at the end of this month
TDR et al. in EUR 4.9bn LeasePlan sale
LeasePlan will be combined with Societe Generale's car-leasing subsidiary ALD, forming NewALD
Palatine sells Estio to PE-backed BPP
Deal is the first exit from Palatine's first Impact Investing fund, which closed in 2017 on GBP 100m
Brookfield buys Modulaire from TDR in $5bn deal
TDR Capital acquired a 66.98% stake in Modulaire as part of a €478m take-private in 2004
UK buyout rankings: who invested the most in Q1
Unquote tallies the top 10 most active GPs across the UK buyout space in an exceptionally busy first quarter
TDR Capital to take Arrow private in £563m deal
Offer price represents a premium of 33.4% to the closing price of 230.5 pence per share on 5 February 2021
TDR Capital acquires BPP from Apollo's Vanta Education
Vocational course provider BPP was acquired by Vanta Education in 2009, prior to Apollo's investment
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Buyout rankings: who has invested most across Europe since April?
EQT, Ardian and KKR remained very active and struck sizeable deals amid the coronavirus turmoil
TDR-backed Buffalo Grill acquires distressed rival Courtepaille
Sale process was initiated by Courtepaille's PE sponsor Intermediate Capital Group, which filed for a receivership procedure in July
Norvestor Equity sells Wexus to TDR-backed Algeco
Sale ends a three-year holding period for the GP, which invested in the company via its seventh fund
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
TDR, Lone Star and Apollo make bids for Asda
Walmart is selling its majority share of the company and could command more than £7bn for the asset
Afinum sells Meridian to TDR Capital-backed David Lloyd
Sale ends a six-year holding period for Afinum, which bought Meridian via Eigenkapitalfonds Mittelstand fund
TDR-backed Algeco acquires Buko businesses
TDR Capital acquired Algeco in 2004 and has since bolted on a number of companies
Altor, TDR secure stakes in Thomas Cook Northern Europe
Acquisition will safeguard the jobs of 2,300 people working for the profitable division
TDR to de-list BCA Marketplace in £1.9bn deal
Price gives the car auction business an enterprise value multiple of 12.5x its adjusted EBITDA
OpCapita exits NKD in sale to TDR Capital
OpCapita acquired NKD in 2013 and this is its first exit from its Consumer Opportunities Fund
PE-backed LeasePlan withdraws IPO
Dutch fleet management business had been scheduled to float in Amsterdam and Brussels in October
PE-backed LeasePlan prepares for IPO
Consortium of investors including TDR Capital bought Leaseplan for €3.7bn in 2015
TDR's Stonegate bolts on Piper's Be At One
Deal reportedly values Be At One at £50m and also sees the pub group buy 15 bars from Novus Leisure
TDR begins sales process for David Lloyd
Rothschild has been mandated for the sales process of the UK-based tennis and gym club
TDR Capital buys Touax Solutions Modulaires
UK-based TDR Capital uses Paris-based holding company WH Bidco for the acquistion