3i Infrastructure has agreed to acquire the stake in TCR owned by funds managed by DWS for c£334 million. This will result in 3i Infrastructure increasing its holding from c48% to 96% of the equity in TCR, alongside management.
Completion is subject to certain third party consents and is expected to take place in the final quarter of 2022.
TCR is a global provider of Ground Support Equipment (GSE) rental solutions and services, supporting air industry customers in their ground handling processes.
Since acquiring TCR in 2016, 3i Infrastructure and DWS have supported management in growing the business and its rental asset base, alongside an increased focus on ESG and sustainability including pooling solutions and electrical GSE.
