Simpson Thacher is representing Stonepeak, a leading global investment firm specializing in infrastructure and real assets, in connection with the agreement of an affiliate of Stonepeak’s portfolio company Textainer to acquire Global Sea Containers Limited (“Seaco”). The purchase price for the transaction is $1.75 billion, subject to certain adjustments. The transaction is subject to customary closing conditions, including certain regulatory approvals.
Originally established in 1965, Seaco is a marine container leasing company with global operations which owns and operates a container fleet greater than 2.4 million TEU across a worldwide footprint of over 360 depots and 23 offices.
The Simpson Thacher team includes Brian Chisling, Robert Hausen, Matthew Anderson, Scott Turtur and Jarius McDade (M&A); Brian Gluck, Patrick Wolff, Elizabeth Greene and Joshua Murphy (Credit); Ryan Bekkerus, John Schueller and Ben Carson (Capital Markets); Tristan Brown, Linda Barrett and Josh Goldman (Executive Compensation and Employee Benefits); Jonathan Goldstein, Mohanad Salaimi and Roberto Arza (Tax); Peter Guryan, Richard Jamgochian and Jamie Logie (Antitrust); Lori Lesser, Alysha Sekhon and Margerite Blase (Intellectual Property); Michael Isby and Timothy Mulvihill (Environmental); Krista McManus, Dennis Loiacono (Real Estate); and Jonathan Lindabury, Nathan Utterback and Jhaton White (Derivatives).