TDR Capital’s investment into Euro Garages, taking a minority stake with a £1.3bn deal, has been named as North West Business Insider’s Deal of the Month for October 2015.

“Euro Garages has developed into a major UK forecourt operator since 2001 and the £1.3bn valuation reflects its growing national presence,” says David Casey, digital news editor at Insider. “Securing a high-profile private equity investment should help to drive the business to the next level so it is a worthy winner of our Deal of the Month award for October 2015.”

Euro Garages Co-CEO Mohsin Issa and Zuber Issa, will remain majority shareholder — said about the deal, “TDR understand our business and have significant experience in our sector so are the perfect investment partner as we continue to develop our proposition. This is an exciting new phase for the business and we look forward to working with TDR to grow our business further in the UK and internationally.”

Daniel Hall, partner at Eversheds Law firm, who advised Euro Garages on the acquisition, has described the deal as underlining “one of Britain’s biggest successes in recent years, and has propelled Euro Garages to become one of Europe’s leading fuel retailers.”