IFLR1000

TDR Capital £1.3 billion acquisition of minority stake in Euro Garages

20/10/2015
Public acquisition
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£ 1.3 billion

$ 1.608 billion

Completed

20/10/2015

Overview:

  • TDR Capital has acquired a minority stake in Euro Garages for £1.3 billion.
  • Euro Garages is a garage forecourt retailer and is owned by brothers Mohsin and Zuber Issa.
  • The company has over 340 sites across the UK.
  • Following the acquisition the company undertook a restructuring of Euro Garages' shareholding structure. This was financed via a £745 million term loan and revolving facility taken out from Lloyds.

Sam Duke - Editor

Jurisdictions:

United Kingdom
Channel Islands: Jersey

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Consumer goods and services
Automotive

Firms:
Appleby

Party: Euro Garages (Target)

Carey Olsen

Party: TDR Capital (Acquirer)

Party: Euro Garages (Borrower)

Clifford Chance

Party: Lloyds Banking Group (Lender)

Eversheds Sutherland

Party: Euro Garages (Target)

Lawyers: Daniel Hall, Jason Wurzal, Nick Swiss, Robin Skelton

Linklaters

Party: TDR Capital (Acquirer)

Ogier

Party: Lloyds Banking Group (Lender)

Lawyer: Katrina Edge

Simpson Thacher & Bartlett

Party: Euro Garages (Borrower)

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