PRINT THIS PAGE UK-based TDR Capital buys French building company stake for E320m20/07/2004. Source: AltAssets. 
 UK-based TDR Capital has acquired a 67 per cent stake in French modular building company Algeco from Germany's TUI for E320m. The deal is expected to be completed in the third quarter of the year.
Algeco rents and sells modular buildings to public authorities, industrial and commercial clients. The company, which is listed on Euronext Paris, operates in France, Germany, the Benelux region, Spain, Portugal and Italy.
'Together with Algeco's management and employees we are confident that we can develop the company's services and geographic reach further by utilising our sectoral knowledge and financial expertise,' said Manjit Dale, founding partner of TDR Capital.
TDR Capital was set up by former DB Capital executives Dale and Stephen Robertson. The firm closed its debut fund with E500m of commitments in March this year. TDR has already acquired two portfolio companies, UK restaurant chains Pizza Express and ASK Central.
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