TDG capital, who own BCA , who own ecm…are heavily into EC garages and the brothers who bought Asda with borrowed debt. Hidden in Jersey.
It doesn’t take much looking at the financial indebtedness and the bond rates on the borrowed debt to see there are major risks and a default could cause huge problems.
So, there will is bound to be as much trimming of the fat as possible.
Interestingly, CD&R bought in 2010 and sold BCA in 2015 for a tidy sum. Winning a 7 billion auction to buy Morrisons, in a deal that likely had tax avoidance issues.
Just one big house of cards in my opinion