TDR Capital invests in £1.3bn Euro Garages deal

The deal sees founding brothers Mohsin and Zuber Issa remain at the helm of the company and retain a majority stake in Euro Garages.

TDR's investment comes 18 months after it acquired Benelux- and France-based Israeli petrol-station operator Delek Europe in a €355m MBO, after which the company was renamed European Forecourt Retail Group (EFR).

Media reports suggest TDR will seek to merge Euro Garages and EFR ahead of an IPO on the US stock market.

Company
Lancashire-based Euro Garages was founded in 2001 and is an independent operator of forecourts in the UK.

The company has a portfolio of more than 340 sites in the UK, having acquired 48 forecourts from Exxon Mobil's Esso last year. It operates petrol stations under BP, Esso and Shell fuel brands.

People
Mohsin and Zuber Issa are the founders of Euro Garages.

Advisers
Equity – Linklaters (Legal).
Company – Rothschild (Corporate finance); Eversheds (Legal).

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• Topics
• UK / Ireland
• Buyouts
• Industrials
• United Kingdom
• TDR Capital
• Eversheds
• Linklaters
• Rothschild