Kirkland Advises TDR Capital on Acquisition of Majority Stake in Asda
Kirkland & Ellis is advising funds managed by TDR Capital on the agreement to acquire Zuber Issa’s shares in British supermarket chain Asda. Mohsin Issa remains a co-owner in Asda alongside TDR Capital. This brings the ownership of Asda to 67.5% by TDR Capital, 22.5% by Mohsin Issa and 10% by Walmart Inc. The transaction is set to complete in Q3 2024.
The Kirkland team is led by corporate partners Stuart Boyd and Jessica Corr and associates Christopher Weale and William Blakeney; antitrust & competition partners Alasdair Balfour and Joel Gory; financial services regulatory partner Prem Mohan and associate Kate McDermott; and tax partners Ed Moberly and Mavnick Nerwal.
