According to recent article in the Financial Times, The UK, Blackburn-born brothers, founders of the EG Group, have used some of their hard earnt cash to buy a Bombardier Global 6000, a model advertised as being ideal for transporting heads of state and a smaller Bombardier Challenger 350.
The Issas have built a retail empire from scratch with the backing of private equity group TDR Capital, with which they co-own both EG and Asda.
Together with TDR, they used acquisitions to expand EG into a sprawling empire with more than 6,000 petrol stations spanning the US, Europe and Australia. 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.
Its not often we write about fuel station owners with a rock star image. What comes next? - the company yacht. Well done to them both.
Full story Asda owners borrowed $7mn more from petrol station empire to repay private jet loans (ft.com)
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