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...A sale of assets to Zuber would come after intense public and political scrutiny of the Issa brothers, who built a retail empire from scratch with the backing of TDR....
...Then, in 2020, the Issas and TDR agreed to buy Asda in a £6.8bn deal that marked the UK’s biggest leveraged buyout for a decade....
...The goals include killing the three top Hamas leaders — Yahya Sinwar, Mohammed Deif and Marwan Issa — while securing “a decisive” military victory against the group’s 24 battalions and underground tunnel...
...Mohsin Issa previously dismissed speculation about a rift with his brother....
...Mohsin Issa, who has been running Asda but intends to relinquish daily control if a chief executive is found, said Asda was a “powerhouse built on rock-solid foundations”....
...In today’s newsletter: CVC’s co-founder steps down How the Issa brothers finance their jets ConocoPhillips’s shale hunt CVC’s deal junkie bows out Donald Mackenzie, one of the buyout industry’s most...
...Almadhoun’s family — including her brother Hani who lives overseas and crowdfunded more than $800,000 for their efforts — started a small soup kitchen in northern Gaza two months ago, adding the southern...
...Israeli officials have said they targeted Issa and he was likely to have been injured, but had held off from confirming the death of a military commander nicknamed “the shadow man”....
...Violet’s Issa has seen what is possible, first-hand....
...”, said Issa....
...That is not happening, despite a cost of living crisis. Asda’s ebitda fell by a quarter last year. The Issas sacrificed margins to maintain market share....
...TDR and its Asda co-owners, the billionaire Issa brothers, invested just £200mn to acquire the supermarket, choosing to finance the deal by loading more debt on the Issa’s petrol stations business EG Group...
...It came as the Israel Defense Forces confirmed on Tuesday the earlier killing of Marwan Issa, the third most senior Hamas figure in Gaza....
...I love this haiku from the 18th-century Japanese poet Kobayashi Issa: “What a strange thing! / to be alive / beneath cherry blossoms.” jemima.kelly@ft.com...
...Mohammad’s cousin, Hani, along with Hani’s wife and children, died under the rubble of their house on October 20....
...The split The Issa brothers built a retail empire together....
...Tuesday’s transaction mirrors a deal by rival private equity firm TDR last year, which jointly owns supermarket chain Asda and forecourt business EG Group with the Issa brothers....
...The purchase of Asda in 2020 by the Issa brothers and TDR was the UK’s biggest leveraged buyout in more than a decade, capping a period of rapid, debt-fuelled expansion....
...Mohsin Issa told reporters on a call this week that the equity was “sort of in the business today”....
...The fourth season of the HBO anthology series marks the first outing in five years, Issa López having now taken over as showrunner from Nic Pizzolatto....
...bonds to fund its £6.8bn buyout by private equity firm TDR Capital and brothers Mohsin and Zuber Issa two years ago, its prospectus had a section headed “The Equity Contribution”....
...Both Asda and EG Group are co-owned by the Issas and TDR Capital, a private equity firm....
...Asda, the UK supermarket chain owned by TDR Capital and the billionaire Issa brothers, is converting to its Asda Express brand 470 local stores that it acquired in 2022....
...In today’s newsletter: China remains cosy with private equity The Issa brothers shuffle their debt, again Junk debt makes a comeback Private equity’s lasting love affair with China When the Chinese...
...How to solve a problem with a merger One option could involve a deal with Asda, which took on £3.7bn of junk-rated debt to help pay for the Issas and TDR to buy it....
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