DC Advisory advised 3i and Deutsche Asset Management on the acquisition of TCR

Headquartered in Brussels, Belgium, the TCR Group (TCR) is the European market leader for aviation Ground Support Equipment (GSE) services.

DC Advisory (DC) was mandated to provide M&A and debt advice to 3i Infrastructure plc (3i) and Deutsche Alternative Asset Management Limited (DAAM) on the acquisition of TCR from Chequers Capital and Florac.

DC has an in-depth understanding of the hybrid infrastructure and business services sectors across Europe.

DC’s tactical advice and delivery of an innovative management package proved to be key in a  highly competitive second round with six bidders and several pre-emptive attempts.

DC delivering a binding, highly deliverable and fully documented finance package was a fundamental element in ensuring the 3i and DAAM consortium was selected as the preferred bidder.

On 28 April 2016, Chequers and Florac announced the sale of TCR to 3i and DAAM. The transaction completed on 26 July 2016.