Aggreko discussing private equity sale

By Murray Pollok05 February 2021

Aggreko is in discussions with private equity firms TDR Capital and I Squared Capital over a possible sale.

The firms have made a cash offer that values Aggreko’s shares at £8.80, which represents a 39% premium over the closing price yesterday.

Aggreko generataors at the Soccer City stadium in Johannesburg. The World Cup generates revenues of £28.7 million for the company.

Aggreko said; “Discussions between Aggreko and the Consortium [of private equity firms] are ongoing. There can be no certainty either that an offer will be made or as to the terms on which any offer might be made.” It said a further announcement would be made when appropriate.

UK-based TDR Capital is well versed in the equipment rental sector through its long involvement with portable accommodation specialist Modulaire (previously Algeco) and WillScot in North America.

Miami-based I Squared Capital invests in global infrastructure markets, including hydoelectric projects, water treatment, roads and energy.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
REIC makes second acquisition in 10 days
Rental company’s North American expansion set to continue, says parent company Kinderhook
Boels reveals €551 million investment
Long-term growth expected for the construction equipment rental market, the company says
JLG introduces a ‘company-first’
JLG’s X660SJ crawler boom offers operators a new solution for working at height
CONNECT WITH THE TEAM
Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
Belinda Smart
Belinda Smart Editor Tel: 44 (0)1892 786209 E-mail: belinda.smart@khl.com
CONNECT WITH SOCIAL MEDIA