The Private Equity Funder of Motor Fuel Group (MFG), one of the largest Forecourt Empires Empires in Great Britain, explores the sale of participation in an agreement that could enhance it at around 7 billion sterling books.
Sky News has learned that Clayton Dubilier & Rice (CDR), who built MFG of an actor in the medium -sized industry in more than a decade, works with advisers to examine the sales options of a Large minority participation.
City sources said this weekend that CD & R would have to organize a process in the coming months, with an agreement later scheduled for this year.
A participation of around 25 to 30% should change hands, although the final form of any transaction has not yet been determined.
A so-called joint continuation vehicle in investment capital transactions would have been excluded by CD&R.
MFG is now the largest operator in an independent forecourt in the United Kingdom, after leaving 360 sites at the time of CD & R acquisition of the company.
It is negotiated under a number of brands, including Esso and Shell.
Lazard, the investment bank, worked with CD&R on preparatory work for a minority sale.
CD&R, which also owns Morrisons, United MFG’s Etrol Forecourt, with that of the supermarket chain in a 2.5 billion pound sterling transaction ended last year.
The MFG now includes around 1,200 sites across Great Britain, with a professional profit before interest, taxes, depreciation and amortization (EBITDA) of around 700 million pounds sterling expected during this exercise.
A previous attempt at CD & R to sell the company in 2022 was partly derailed by the invasion of Ukraine by Vladimir Putin and a macroeconomic environment of deterioration.
It is now focused on its role in the energy transition, with hundreds of charging points for electric vehicles installed on its network and the growth of its supply of high margin food services.
MFG has described the plans to invest 400 million pounds Sterling in charge EV, and is now the second largest ultra fast player in the United Kingdom – which offers 100 miles of range in 10 minutes – with almost 1,000 chargers.
It aims to spend this figure to 3,000 by 2030.
The initiates declared that CD&R would retain a majority participation in MFG after any sale of stakes, while Morrisons also has a 20% interest for the company.
Bankers believe that a minority sale this year would be followed a few years later with a first public offer on the London stock market.
CD&R invested in MFG in 2015, which makes its long-term investment according to the standards of most periods of investment capital.
The sale of a 25% participation in an assessment of the company of 7 billion pounds Sterling would provide a significant amount of liquidity to the buyout company based in the United States.
CD & R and its investors have already been paid hundreds of millions of pounds in dividends from MFG, after seeing its profits increase 14 since the original purchase.
The rival of Morrisons, ASDA, has undertaken a similar transaction, for example the group acquiring the forecourt network of the grocer based in Leeds.
For example, the group, which with ASDA is controlled by the TDR Capital Investment Capital Company, is now being prepared for registration in the United States.
CD&R refused to comment on Saturday.