15.10.2014

Possible ownership change at Ainscough

The financial press has broken the news that the current owners of UK based Ainscough Crane Hire– the private-equity arm of Goldman Sachs and TPG capital – are discussing the sale of the business. The two companies bought into the business in December 2012. Click here to see ‘Ainscough ownership change’ and are now apparently keen to cash in their investment.

There has been talk/rumours of a possible sale or change of ownership for a month or two, but now names such as AEA Investors and Silverfleet Capital Partners are being openly discussed as possible suitors in a deal that could be worth as much as £400 million.

None of the parties involved are currently willing to say anything.

Vertikal Comment

While there is no official news and none of the parties involved are willing to make a formal statement, the financial news services are openly discussing details of the deal, following leaks from some of those involved.

The day to day effect on the Ainscough business is likely to be minimal, at least in the short term, but might have positive mid to longer term benefits, from having new owners/investors that have made a conscious decision to buy into the UK crane rental market.

Watch this space.