Press Release

Kirkland Advises TDR on Acquisition of Asda

Kirkland is advising certain investment funds managed by TDR Capital LLP (“TDR”) on various matters relating to the acquisition by TDR and the Issa brothers of Asda Group Limited from Walmart, for an enterprise value of £6.8 billion, on a debt-free and cash-free basis.   Under the new ownership structure, TDR and the Issa brothers are acquiring a majority ownership stake in stake in Asda. 

The Kirkland team is being led by London transactional partner David Holdsworth and investment funds partner Richard Watkins.