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Announced

Completed

I Squared Capital and TDR Capital completed the acquisition of Aggreko for £2.3bn.

Financials

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Transaction Value£2,322m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium33%
One Off Charge-

Tags

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cooling towers

Acquisition

Friendly

Single Bidder

temporary power

United Kingdom

Multi-Utilities

power generation

temperature control

Majority

Private Equity

Domestic

Completed

Public

Synopsis

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Private equity firms I Squared Capital and TDR Capital, completed the acquisition of Aggreko, a supplier of temporary power equipment, for £2.3bn. "The Aggreko Board believes that the offer from I Squared Capital and TDR Capital represents an attractive price in cash that fairly recognises Aggreko's future prospects. We believe that the business, its people and customers will continue to be well supported with I Squared Capital and TDR Capital as shareholders bringing their expertise in energy and rental markets to support our existing strategy," Ken Hanna, Aggreko Chairman. On April 26, 2021, Aggreko's shareholders approved the takeover offer of TDR Capital and I Squared Capital.

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