TDR, I Squared Capital Said to Consider $10 Billion Aggreko Exit
- Options include minority stake or full sale as well as IPO
- TDR, I Squared took Aggreko private in 2021 for $3.4 billion
Aggreko offers rentals of power, heating and cooling equipment to clients in the energy, refining, construction and events industries.
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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.