Deals
Olympic Games Power Provider Agrees to $3.2 Billion Takeover
- Aggreko agrees to sale to private equity firms TDR, I Squared
- Deal for generator supplier expected to be completed by summer
This article is for subscribers only.
Aggreko Plc, one of the world’s biggest suppliers of portable power generators, accepted a 2.3 billion-pound ($3.2 billion) bid from a private equity consortium.
TDR Capital and I Squared Capital agreed to buy the business for 880 pence per share in cash, London-listed Aggreko said in a statement. The price represents a 39% premium to Aggreko’s closing price on Feb. 4, the day before their interest was first reported. The stock rose 1.8% to 905 pence shortly after the open of regular trading Friday.