TOUAX SCA (“TOUAX”) announces today that the sale of all stocks held in Touax Solutions Modulaires SAS to WH Bidco SAS, a company indirectly controlled by funds managed by TDR Capital LLP has been completed at an enterprise value of €165 million. TDR Capital manages funds which currently have the majority shareholding in Algeco.
Fabrice and Raphael WALEWSKI, Managing Partners of TOUAX: “This is a unique opportunity for TOUAX to concentrate on and further develop the leasing of transportation equipment (railcars, barges and containers) driven by the continued growth of world trade. This transaction immediately strengthens our Group’s balance sheet and financial capacity allowing notably investments in the container division alongside third party investors which will be accretive.”
For further details see http://www.touax.com/touax_home.asp