3i Infrastructure to sell stake in TCR

(Sharecast News) - Investment firm 3i Infrastructure has agreed to sell its 71% stake in airport ground support equipment lessor TCR. 3i said on Thursday that net proceeds to from the sale were expected to be approximately €1.14bn, a roughly 22% uplift from its valuation at 30 September 2025 and an approximately 50% uplift from the last valuation set before the beginning of the exit process.

The FTSE 250-listed group noted that the transaction was conditional upon receipt of customary regulatory approvals and was expected to complete during Q326.

3i stated proceeds from the sale will be used to repay its revolving credit facility and fund further investment in its existing portfolio, as well as the potential acquisition of new portfolio companies from its "strong pipeline of opportunities".

Bernardo Sottomayor of 3i Investments, 3i Infrastructure's investment manager, said: "We are extremely proud of TCR's achievements during our period of ownership. Since our investment in 2016, and despite the unprecedented Covid-related transportation crisis, we delivered resilient financial performance and achieved exceptional growth to transform TCR into a truly global platform.

"We add another successful realisation to our track record, highlighting the strength of our investment strategy. The robust premium achieved over the pre-sale valuation demonstrates the latent value potential in our portfolio. We would like to thank Tom Bellekens, Jason Watson and the TCR management team for their commitment and wish them continued success."

As of 0855 GMT, 3i shares were up 2.59% at 357p.

Reporting by Iain Gilbert at Sharecast.com