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Parliamentary committee says executives were damaging their own brand by leaving questions unanswered
Promised £450mn of extra equity comes from a warehouse sale and leaseback that was part of the original buyout
Stuart Rose says purchase of businesses from heavily indebted EG will help Asda’s push into convenience sector
Plus, Apollo courts THG in its latest UK takeover play and an activist investor takes on Rome’s powerful politicians
Jersey and Luxembourg filings reveal financial engineering behind the UK’s biggest leveraged buyout in a decade
Plus, the making of India’s biggest deal ever and venture capital fever fades in private markets
TDR Capital reveals eye-watering paper gains only year after UK chain’s purchase from Walmart
Plugging a £750m hole leaves the supermarket chain in a weaker position in a tough economy
Government to set out proposals for a simpler, more 'nimble' system of state subsidies
Plus, the top PR firm navigating its own crisis, and short seller Jim Chanos issues a warning on Spacs
With the help of US hedge fund manager Paul Tudor Jones, two bankers built TDR into an ‘old world’ force
Chief executive announces ‘personal’ decision to leave UK supermarket group
Chairman says offer from TDR Capital and I Squared recognises company’s ‘future prospects’
The wall of money chasing yield is reshaping the corporate world
‘Blowout deal’ garners strong demand as debt investors hunt for returns
The billionaire Issa brothers’ leveraged buyout of supermarket chain Asda is a lesson in debt-fuelled dealmaking
Deal fronted by Mohsin and Zuber Issa will be largely funded by asset disposals and debt deals
New owners plan to sell supermarket’s petrol stations to themselves and raise £3.5bn in debt
Retail veteran brought in to improve governance at UK petrol stations group
Needless to say, it’s been a mad year in the realm of alternative investments
Preference shares sale could help fund buyout of UK supermarket chain
Deal with Issa brothers and TDR Capital values UK supermarket group at £6.8bn
US-based buyout group failed to reach agreement on price for UK chain or potential costs of equal-pay dispute
Agreement is a boost for Neil Woodford’s crisis-hit flagship fund, a major BCA shareholder
Company’s hidden value means shareholders shouldn’t hand over the keys too readily
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