M.12389 GIM/TCR Merger Notification Under EU Merger Regulation

Disclaimer : The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

M.12389 GIM / TCR

SECTION 4 Description of the concentration

On 18 March 2026, the Commission received a notification of a proposed concentration pursuant to Article 4 of the EU Merger Regulation ("EUMR"), by which funds managed and/or advised by Global Infrastructure Management, LLC ("GIM"), intend to acquire, within the meaning of Article 3(1)(b) of the EUMR, sole control over the whole of TCR Group ("TCR"), by way of purchase of shares. GIM is the global independent infrastructure fund manager of Global Infrastructure Partners headquartered in New York, United States, and is primarily focused on investing in transportation, energy, waste, water, and digital infrastructure sectors globally. GIM is wholly owned by BlackRock, Inc., which is headquartered in the United States. TCR is primarily active in full-service leasing of ground support equipment to independent ground handlers, airports, and airlines globally. TCR is headquartered in Steenokkerzeel, Belgium. TCR is indirectly solely controlled by 3i Group plc, an international investment company listed on the London Stock Exchange, with offices in Europe and North America.

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