McDermott Comment | EG Group To Raise Extra $1.8bn Debt To Buy Asda Petrol Stations

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Aymen Mahmoud, partner at law firm McDermott Will & Emery, said:

“This acquisition by the EG Group of an accretive and synergistic business line is emblematic of a key private equity trend. The acquisition and integration of multiple businesses into existing portfolio groups in a ‘buy-and-build’ strategy allows private equity to drive significant efficiencies, synergies and cost-savings to increase profitability and drive a return to their investors.

This approach not only allows a group to build profitability and increase any potential sale price later down the line, but it also allows for the divestment of non-core operations where it is possible to apply greater focus to more profitable business lines.”