EUROPEAN COMMISSION DG Competition

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 16/06/2021

In electronic form on the EUR-Lex website under document number 32021M10256

EUROPEAN COMMISSION

Brussels, 16.6.2021 C(2021) 4514 final

PUBLIC VERSION

I Squared Capital Advisors LLC 600 Brickell Ave Penthouse FL 33131, Miami United States

TDR Capital LLP 20 Bentinck Street Wl U 2EU, London United Kingdom

Dear Sir or Madam,

1.1. On 19 May 2021, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertakings I Squared Capital Advisors LLC (United States), and TDR Capital LLP (United Kingdom) acquire within the meaning of Article 3(1)(b) of the Merger Regulation indirect joint control over the whole of the undertaking Aggreko plc (United Kingdom) by way of purchase of shares.

2. The business activities of the undertakings concerned are:

—— for I Squared Capital: global infrastructure investment manager focusing on sectors such as energy, utilities, telecom, healthcare and transport in North America, Europe and other economies around the world.

—— for TDR Capital: private equity firm investing in a variety of sectors including motor fuels retail, gyms and health clubs, car washes, vacant

1 OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology of the TFEU will be used throughout this decision.

2 OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).

3 Publication in the Official Journal of the European Union No C 201, 28.5.2021, p. 13.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.

property services, modular construction, pubs and restaurants, and social housing refurbishment services, in particular in the UK.

—— for Aggreko: company active in the rental of generators and related power equipment, and temperature control equipment on a temporary basis, as well as the provision of associated services to customers around the world across a range of sectors, including oil and gas, events, manufacturing and mining, building services and construction.

3.3. After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.

4.4. For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission

(Signed) Olivier GUERSENT Director-General

4 OJ C 366, 14.12.2013, p. 5.

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