TDR Capital buys Touax Solutions Modulaires

The GP used Paris-based holding company WH Bidco for the acquisition.

TDR is currently from its €2.1bn fund TDR Capital III. According to unquote" data, the vehicle focuses on buy-and-build strategies, investing in one or two European companies per year with an enterprise value of £150–700m.

Seller Touax Group was founded in 1853, it is listed on Euronext and has nearly $1.5bn in assets under management. It operates as an industrial buildings designer, offering modular solutions such as buildings, commercial agencies, educational infrastructure, park equipment, sports facilities, and events. The company claims to be the largest European operating lessor of containers and barges, and second largest European operating lessor of railcars (intermodal railcars).

The investment will support Touax Solutions Modulaires in further developing its leasing business in the area of transportation equipment (railcars, barges and containers). Press reports in July said that after the acquisition, Touax Solutions Modulaires could be integrated with Algeco, also controlled by the GP. TDR took Algeco private in 2004 for €478m.

Algeco operates in the modular space, securing portable storage and remote workforce accommodation management solutions. Headquartered in Baltimore, Algeco has operations in 24 countries. The company operates as Williams Scotsman and Target Logistics in North America, Algeco in Europe, Elliott in the UK, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

Company
Founded in 2000, Touax Solutions Modulaires engages in leasing and sales of modular buildings. It is headquartered in la Défense.  

People
Touax Solutions Modulaires – Fabrice Walewski, Raphael Walewski (managing partners).

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