- June 28, 2021
- Posted by: Stratford Team
- Category: Business
LONDON , June 27, 2021 /PRNewswire/ — Modulaire Group (“Modulaire” or “the Group”), Europe and Asia Pacific’s leading infrastructure services company specialising in modular services, is pleased to announce that its shareholders have entered into an agreement to sell the Group to investment funds managed by Brookfield Business Partners L.P. (“Brookfield”).
Brookfield is acquiring Modulaire from its shareholders which include investment funds managed by TDR Capital LLP (“TDR”), a leading UK-based private equity firm. The transaction, which is subject to customary regulatory and competition clearances, is expected to close in Q4 2021.
Brookfield Business Partners is the flagship listed business services and industrials company of Brookfield Asset Management, a leading global alternative asset manager with over $600 billion of assets under management.
Under TDR’s ownership, Modulaire has grown to become the leading provider of modular services and…