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Investegate announcements from BkofA Merrill Lynch, Form 8.5 (EPT/NON-RI)

Aggreko has become the latest British company to fall into private equity hands after it accepted a £2.3billionn takeover bid.  The FTSE 250 power equipment provider has accepted an offer from I Squared Capital and TDR Capital worth 880p per share, 39 per cent above the closing price on February 4 when it was first tabled.  Chairman Ken Hanna insisted the offer was an attractive price in cash that fairly recognises Aggrekos future prospects.  But critics warned it was just the latest case o...

Lex Greensills access came via the late former head of the civil service Jeremy Heywood. Heywood was passionate about introducing private sector skills into the heart of government.

By Scott Wright THE new private equity owners of Aggreko have signalled their commitment to Dumbarton after unveiling their £2.3 billion takeover of the power rental specialist, as another major Scottish company exits the quoted stock scene. The deal looks set to mark the end of a volatile few years on the stock market for Aggreko, which saw its shares peak at more than £24 in 2012 but was trading at around £6 in the days before the approach was announced in February. Aggreko will be...

Aggreko agrees £2.3bn private equity takeover The swoop comes from a consortium led by Britain’s TDR Capital, which is buying Asda with the billionaire Issa brothers  5 March 2021 • 9:08am Aggreko, one of the world’s largest suppliers of portable power generators, has agreed a private equity takeover worth £2.3bn.  The acquisition at 880p per share represents a substantial 39pc premium to Aggreko’s 645p closing price when the deal was first announced last month.  The swoop for th...

AGGREKO has agreed to be taken over by private equity players TDR Equity Capital and 1 Squared Capital in a cash deal worth £2.32 billion.

The board of Aggreko, a provider of temporary power generators, has recommended a £2.3 billion takeover offer by private equity.I Squared Capital and TDR Capital will pay 880p per share in cash, a 39

Investegate announcements from JPMorgan Sec.Plc, Form 8.5 (EPT/RI)-AGGREKO PLC

AGGREKO has agreed to be taken over by private equity players TDR Equity Capital and 1 Squared Capital in a cash deal worth £2.32 billion.

Publishing date: Mar 05, 2021  •  March 5, 2021  •  2 minute read  •  Article content (Bloomberg) — 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...