TDR, I Squared Capital Said to Consider $10 Billion Aggreko Exit

Sept. 18, 2024, 4:08 PM UTC

TDR Capital and I Squared Capital are considering options to exit their ownership in Aggreko Plc, one of the world’s biggest suppliers of portable power generators, according to people familiar with the matter.

The investment firms are talking to potential advisers on alternatives including selling a minority stake, a full sale or an initial public offering of the Glasgow-based business, which could have an equity value of about $10 billion or more, the people said. The asset could attract both financial investors and other companies in the same industry, the people said.

Any transaction will likely be launched next ...

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