Slaughter and May is advising Walmart on proposed sale of Asda

Slaughter and May is advising Walmart Inc. (Walmart) on the proposed sale of a majority stake in Asda Group Limited (Asda), a wholly-owned subsidiary of Walmart, to a consortium comprising the Issa brothers and TDR Capital. The enterprise value of the transaction is £6.8 billion, calculated on a debt-free and cash-free basis.

Walmart will retain an equity investment in Asda, and remain a strategic partner for the Asda business post completion.

The transaction is conditional upon certain regulatory approvals, and the expectation is that it will complete in H1 2021.

Corporate
Sally Wokes Partner
Claire Jackson Partner
Paul Thorpe Associate
David Hughes Associate
Oliver Gratton Associate
Thomas Whitney Associate
Nicholas White Associate

Emily Galvin / Trainee, Andy Goodworth / Trainee, William Parr / Trainee, Amelia Wrigley / Trainee

Pensions, Employment and Incentives
Charles Cameron Partner
Padraig Cronin Partner
Chris Sharpe Associate
Philippa O'Malley Associate
Rachel Hunter Associate

Emily AlHamarneh / Trainee

IP/IT
David Ives Partner
Matthew Harman Associate
Heather Catchpole Associate
Gabrielle Ohlsen Associate

Nick Gill / Trainee

Financing
Guy O'Keefe Partner
Alexander Short Associate

Richard Lui / Trainee

Real Estate
Jane Edwarde Partner
Ben Redding Associate

Daisy Jones / Trainee

Tax
Steve Edge Partner
Charles Osborne Associate
Deeksha Rathi Associate
Financial Regulation
Ben Kingsley Partner
Alex Clothier Associate