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New Deal


Announced

Completed

3i completed the acquisition of an additional 48% stake in TCR from DWS for £334m.

Financials

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Transaction Value£334m
Consideration TypeCash
Capital Owned48%
Capital Bid For48%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Aerospace

Private Equity

ground support equipment services

Belgium

Friendly

Cross Border

airline services

Majority

Single Bidder

Completed

Synopsis

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3i, a British multinational private equity and venture capital company, completed the acquisition of an additional 48% stake in TCR, a ground support equipment supplier company, from DWS, a German asset management company, for £334m ($407m). "TCR's business model proved to be highly resilient during the Covid-19 pandemic. We look forward to continuing to support management to deliver on the company's global growth potential and are delighted to be acquiring our co-investor's share of the business," Richard Laing, 3i Infrastructure Chair.

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