EG Group is gearing up for a $13bn IPO on the New York Stock Exchange.
The company, co-owned by the Issa brothers and private equity firm TDR Capital, plans to list later this year in one of the largest retail IPOs in recent memory.
The IPO will reportedly value the UK-based firm at approximately £10.7bn ($13bn). EG Group aims to use the proceeds to reduce its $9bn debt and fund expansion, with a focus on strengthening its US operations. This move underscores the company’s ambition to solidify its position as a global powerhouse in retail and fuel services.
Founded in 2001, EG Group operates over 6,600 sites across Europe, North America, and Australia. Its portfolio features fuel stations, convenience stores, and collaborations with major brands like Starbucks, KFC, and Subway. Rapid growth through acquisitions, backed by TDR Capital since 2015, has helped EG Group become a dominant player in its sector.
Ahead of the IPO, EG Group has taken steps to optimise its financial structure, including divesting non-core assets. The public listing will provide the company with greater financial flexibility, enabling it to address its debt while pursuing long-term growth opportunities.
This IPO will be closely watched as a benchmark for the retail sector and for companies balancing growth with debt management. The Issa brothers and TDR Capital aim to leverage this listing to propel EG Group into its next phase of development.
Source: Retail Gazette
Can’t stop reading? Read more
NIIF targets $2bn for private credit fund amid India’s growing infrastructure boom
NIIF targets $2bn for private credit fund amid India’s growing infrastructure boom India’s...
New York Giants consider selling 10% stake, attracting private equity interest
New York Giants consider selling 10% stake, attracting private equity interest The New York Giants...
Update: Italy pauses CVC and Iliad’s plans for Telecom Italia stake
Update: Italy pauses CVC and Iliad’s plans for Telecom Italia stake The Italian government has put...