Aggreko agrees £2.3bn private equity takeover
The swoop comes from a consortium led by Britain’s TDR Capital, which is buying Asda with the billionaire Issa brothers
5 March 2021 • 9:08am
Aggreko, one of the world’s largest suppliers of portable power generators, has agreed a private equity takeover worth £2.3bn.
The acquisition at 880p per share represents a substantial 39pc premium to Aggreko’s 645p closing price when the deal was first announced last month.
The swoop for the London-listed company comes from a consortium led by Britain’s TDR Capital – which is buying Asda with the billionaire Issa brothers – and Florida-headquartered infrastructure fund I Squared Capital.
Aggreko acquired for £2 3bn by private equity groups – Daily Business dailybusinessgroup.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailybusinessgroup.co.uk Daily Mail and Mail on Sunday newspapers.
KHL Group
Log In We have recently updated our website and if this your first time logging in this year you will need to set a new password. Please click here to begin.
Using e-mail
Log In We have recently updated our website and if this your first time logging in this year you will need to set a new password. Please click here to begin.
Using e-mail
By Murray Pollok05 March 2021
Aggreko’s directors have agreed to the company’s acquisition by private equity firms I Squared Capital and TDR Capital for £8.80 per share, valuing the business at £2.32 billion.