A&O advises Brookfield Business Partners on USD5bn acquisition of Modulaire Group
28 June 2021
Modulaire is a leading provider of modular leasing services in Europe and Asia-Pacific with a customer base across the industrial, infrastructure and public sectors and a global fleet of approximately 260,000 modular units across 25 countries. Its modular units provide customers with a range of solutions for temporary space requirements.
Brookfield Business Partners is listed on the New York and Toronto Stock Exchanges and is the flagship listed business services and industrials company of Brookfield Asset Management, a leading global alternative asset manager with over USD600bn of assets under management.
The transaction is expected to close by the end of 2021 and remains subject to customary closing conditions including regulatory approvals.
The A&O team was led by London M&A Head, Dominic Morris, M&A partner Alex Tilley and private equity partner Peter Banks. A&O also advised on the financing of the transaction with the financing being led by London leveraged finance partner Neil Sinha alongside leveraged finance partner Adam Zecharia and capital markets partner Kevin Muzilla.