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Announced

TowerBrook to acquire Uperio from LFPI, Sofina and Gigarant for $354m.

Financials

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Transaction Value£250m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1x
EV/EBITDA6x
Share Price Premium-
One Off Charge-

Tags

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Pending

Cross Border

Single Bidder

tower crane

Belgium

Machinery: Construction

Private Equity

Friendly

Private

Majority

Acquisition

Synopsis

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TowerBrook Capital Partners, an investment management firm, agreed to acquire Uperio, a provider of global tower crane rental services, from the LFPI group, an alternative asset manager, associated with the Belgian entities Sofina and Gigarant, for $354m. “Today we are opening a new chapter in the history of the group with this shareholder transition. The entire Uperio team would like to thank LFPI, Sofina and Gigarant for their support in the various stages of building our business. The arrival of TowerBrook in our capital allows us to aim for new ambitions, internationally and in other sectors of activity related to our basic product, the Tower Cranes,” Philippe Cohet, Uperio President.

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