Goldman Sachs, TPG Said to Prepare Ainscough Cranes SaleKiel Porter and Aaron Kirchfeld
Ainscough Crane Hire Ltd., a British mobile-crane rental company, has been put up for sale by its private-equity owners, said people with knowledge of the matter.
Ainscough, which has been owned by the private-equity arm of Goldman Sachs Group Inc. and buyout firm TPG since December 2012, could attract interest from buyout firms including AEA Investors LP and Silverfleet Capital Partners LLP, said the people, asking not to be identified because the talks are private.
The company, which is based in Wigan, U.K., is the leading provider of cranes to the petrochemical industry in its home country, according to its website. It may fetch more than 400 million pounds ($642 million), one of the people said.
Representatives for Ainscough and AEA did not immediately respond to e-mailed requests for comment. Spokesmen for Goldman, TPG and Silverfleet declined to comment.