TDR Capital and Clayton, Dubilier & Rice – the PE owners of UK supermarket chains Asda and Morrisons – respectively – have raised a combined £6.5bn through the sale of property assets, as both groups seek to reduce debt accumulated during highly leveraged buyouts, according to a report by the Financial Times.
The deals which come amid a challenging retail environment have seen London-based TDR Capital, which acquired Asda in 2021 alongside the Issa brothers, generate approximately £3.3bn fro...
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