Announced
Completed
Financials
Tags
Acquisition
Private
Aerospace
Private Equity
ground support equipment services
Belgium
Friendly
Cross Border
airline services
Majority
Single Bidder
Completed
Synopsis
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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