TDR, I Squared Said to Seek Bank Pitches for US IPO of Aggreko

TDR Capital and I Squared Capital are ramping up preparations for a New York listing of Aggreko Plc, one of the world’s biggest power generator rental firms for events like Glastonbury Festival, according to people familiar with the matter.

The private equity owners have asked banks to pitch for an initial public offering of Glasgow-based Aggreko, which could be valued at about $15 billion, the people said. A listing could take place as soon as the second half of this year, said the people, who asked not to be identified as the information is private. The owners are also ...