TDR Capital takes majority stake in Asda

TDR Capital takes majority stake in Asda

Private equity firm TDR Capital is set to become the majority stakeholder in UK supermarket chain Asda, through the acquisition of a 22.5% stake in the business from Zuber Issa, co-founder of EG Group, which ups its holding to 67.5%. Mohsin Issa retains a 22.5% stake...
Bain to acquire edtech PowerSchool in $5.6bn deal

Bain to acquire edtech PowerSchool in $5.6bn deal

Private multi-asset alternative investment firm Bain Capital is to acquire PowerSchool Holdings, a provider of cloud-based software for K-12 education, in a transaction valuing the business at $5.6bn. Under the terms of the agreement, PowerSchool stockholders will...