2min chapter

FT News Briefing cover image

Inside the secretive private equity firm behind the £6.8bn Asda buyout

FT News Briefing

CHAPTER

How Did T D R and the Easter Brothers Manage to Buy a Company Like David Lloyd?

T d r and the easter brothers were able to buy aster using only 780 million pounds of their own money. That is a very small amount of equity to be putting into a transaction. Even that was financed at least in part by taking money out of another company that they own together, which is e g group. So they've managed to buy this big super market with very little of their own money, lots of other people's money, lots of debt. Now now that we know all this, ky can you remind us how they has to deal with structured yes.

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