Twitter LinkedIn
    Saturday, April 1
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»TDR-Led Investor Group Weighs $10 Billion LeasePlan Exit
    Deals & Transactions

    TDR-Led Investor Group Weighs $10 Billion LeasePlan Exit

    March 6, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    LeasePlan’s private equity owners are exploring an exit after receiving approaches from strategic investors, according to people familiar with the matter, more than two years after abandoning plans to list the European vehicle leasing giant. A consortium led by TDR Capital is considering options ranging from a partial to full sale of Netherlands-based LeasePlan, the people said, asking not to be identified discussing confidential information. A deal could value the business at $10 billion or more, though details of the potential divestment could change, the people said.

    The potential transaction could rank as one of the biggest European private-equity divestments this year, according to data compiled by Bloomberg. LeasePlan, which offers personal car leases and oversees corporate fleets, manages about 1.9 million vehicles in 32 countries and competes with the likes of Societe Generale SA’s ALD SA unit.

    TDR is having a busy start to the year. It agreed this week to acquire Aggreko Plc, one of the world’s biggest suppliers of portable power generators, together with I Squared Capital for 2.3 billion pounds ($3.2 billion). Last month, the private equity firm completed its purchase of a controlling stake in Walmart Inc.’s U.K. grocery arm Asda alongside Britain’s Issa brothers.

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital deals exits Investments
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Thyssenkrupp shares move higher on report of CVC interest in steel unit

    March 21, 2023

    BlackRock Not Working on Rival Bid for Credit Suisse

    March 18, 2023

    University of California invests $4 bn in redemption-stricken REIT

    January 3, 2023

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    Comments are closed.

    Other Articles

    KKR leads Series B funding round in Vietnam’s KiotViet

    September 3, 2021

    Long Ridge Equity Partners invests in Drawbridge

    March 10, 2021

    Maverix Private Equity chooses SS&C for inaugural fund launch

    April 16, 2021

    Apollo seeks approval for return to Las Vegas in $6.25B Sands deal

    February 1, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?