24 October 2023
Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, announced that it has entered into a definitive agreement to be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets.
Upon completion of the transaction and the redemption of Textainer’s Series A and B cumulative redeemable perpetual preference shares, Textainer will become a privately held company.
Under the terms of the definitive agreement, which was unanimously approved by the Textainer Board of Directors, Textainer common shareholders will receive $50.00 per share in cash, with the total value of the common shares equaling approximately $2.1 billion.
The transaction represents an enterprise value of approximately $7.4 billion.
Textainer to be Acquired by Stonepeak for $7.4 Billion
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