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.

MAGAZINES
Latest News
How Hydraforce teamed up with Roquet Hydraulics to deliver new prototype
Prototype skid-steer shows capabilities of newest HydraForce valves, controls
Comer completes Walterscheid acquisition
Comer Industries’ takeover of Walterscheid passed all regulatory steps and is now officially finalized.
Cummins opens fuel cell integration center
New site in California aims to accelerate PEM fuels cells in transportation