Global Infrastructure Sherpa3i Infrastructure to divest 71% stake in TCR, an airport ground support equipment leasing provider, for EUR 1.14bn
3i Infrastructure has agreed to sell its 71% stake in Belgium-based TCR, a provider of airport ground support equipment leasing, for an estimated EUR 1.14 billion. Deutsche Bank served as the sell-side M&A advisor for the transaction, which is subject to regulatory approvals and expected to complete in Q3 2026.
Counterparts (3)
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- EUR 1.14bn sale price for 71% stake.
- TCR operates across 180+ airports in 40+ countries.
- Q3 2026 target for deal completion.
- Deutsche Bank served as sell-side M&A advisor.
Source Intelligence
3i Infrastructure has agreed to sell its 71% stake in TCR. The sale proceeds will be used to repay the revolving credit facility and fund further investments and potential new acquisitions. The divestment is part of a portfolio rebalancing strategy amid strong buyer interest. TCR is a provider of airport ground support equipment leasing in 24 countries. The asset was marketed off 2025 EBITDA of EUR 165m and revenues of EUR 413m, implying an EV/EBITDA (2025) of around 7x.
"3i Infrastructure to divest 71% stake"
"3i Infrastructure to divest 71% stake in Belgium-based TCR"
"Deutsche Bank acted as the sell-side M&A advisor in connection with the deal."
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