Global Infrastructure Partners Agrees to Acquire TCR

Global Infrastructure Partners (GIP), a leading global infrastructure investor under BlackRock, has announced a definitive agreement to acquire TCR, the world’s largest independent lessor of airport ground support equipment. 3i Infrastructure plc is selling its 71% stake in TCR for €1.14 billion (£1 billion), representing a 50% increase in valuation from when the asset was put up for sale. TCR’s management team will also invest alongside GIP as part of the transaction.

Headquartered in Brussels, TCR owns and manages a global fleet of ground support equipment, serving over 200 airports worldwide. With a diversified customer base and long-term contracts, the company plays a vital role in ensuring safe and efficient aircraft operations globally. The acquisition aligns with GIP’s long-term strategy of investing in essential, high-growth aviation infrastructure businesses with resilient models.