Kirkland Advises I Squared and TDR Capital on £2.322 Billion Recommended Cash Acquisition of Aggreko plc

Kirkland & Ellis is advising Albion Acquisitions Limited, a newly formed company owned by funds managed by I Squared Capital Advisors (US) LLC and investment funds managed by TDR Capital LLP, on the recommended cash acquisition of the entire issued, and to be issued, ordinary share capital of Aggreko. The acquisition values Aggreko's entire issued, and to be issued, ordinary share capital at approximately £2,322 million on a fully diluted basis.

Read the London Stock Exchange announcement

Aggreko is a world-leading provider of mobile modular power, temperature control and energy services. Working at the forefront of a rapidly changing energy market, Aggreko solves customers' energy problems by providing sector-specific, cost-effective and flexible solutions. Aggreko has 55 years of operational experience, around 6,000 permanent employees and 190 sales and service centres across the globe to support its customers across 79 countries.

The Kirkland team was led by transactional partners David Holdsworth and Mark Thompson and associates Chris Connolly, Toshi Mahapatra and Louis Hopson; tax partner Mavnick Nerwal; antitrust & competition partner Paula Riedel and associates Joel Gory and Samantha Jones and investment funds partners Richard Watkins, Erica Berthou and Bryan McGee.