Seaco expands in the Middle East

CAI International splashes US$ 1.35b on container acquisition to support strong demand.

It has emerged that Textainer is in talks to acquire Seaco Global, a deal that would almost certainly raise issues about the level of market concentration in the container leasing industry.

Indian company scores a major success, while a robust leasing and rental market is helping the wheels go round.

The past two-to-three years have seen a spate of corporate activity in the maritime container leasing industry with investment funds, and particularly those focused on transport infrastructure, eager to buy into the sector.

Ontario Teachers’ Pension Plan Board has sold an undisclosed number of shares in SeaCube Container Leasing to London-based Wren House Infrastructure Management Limited. The two companies will now operate under a so-called “co-control structure of the leasing company”

Brookfield Infrastructure is to acquire Triton International for US$13.3 billion and take the company private.