Our Bermuda Corporate team acted as Bermuda counsel to Stonepeak
portfolio company Textainer Group Holdings Limited (Textainer) in
connection with the agreement by an affiliate of Textainer to
acquire Global Sea Containers Limited (Seaco) for a purchase price
of $1.75 billion, subject to certain adjustments.
The transaction remains subject to customary closing conditions,
including required regulatory approvals.
Established in 1965, Seaco is a global marine container leasing
company, owning, and operating a fleet of more than 2.4 million
TEU, with operations across over 360 depots and 23 offices
worldwide.
The Walkers team was led by partner Sarah Demerling with
assistance from partner Rachel Nightingale and associate Amelia
Oatley. The Finance team provided additional support, led by
partner Adam Bathgate supported by senior associate Benjamin
Green.
Onshore counsel Simpson Thatcher & Barlett LLP acted as legal
counsel to Stonepeak.