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Ainscough changes hands again

18 Dec 12 The country’s largest crane hire firm, Ainscough, has changed hands for the third time since the 2007 management buyout from family ownership.

Goldman Sachs and venture capital firm TPG have taken over ownership fromLloyds Bank and Coller Capital. The initial buyout from the Ainscough family in 2007 was backed by Bank of Scotland, which subsequently became part of Lloyds, which then brought Coller Capital on board in 2010.

Ainscough is part of a portfolio of loans that Lloyds sold to reduce the debt burden that it took on when it rescued HBOS.

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