RSC buyer

Atlas Copco is to sell RSC Equipment Rental to two US private equity funds - Ripplewood Holdings and Oak Hill Capital Management - for US$ 3.8 billion. Atlas Copco, which announced it would sell RSC in February this year, will retain a 14.5% share of the business. The divested business reported revenues of US$ 1.58 billion for the year to June 30 and employs 5100 people at 450 rental locations throughout North America.