GREEN MAKER
12月前
Again this is ai answer:
Seaco Ltd. (or more accurately, its parent company Bohai Leasing Co., Ltd.) will receive the equity money from Textainer once the acquisition deal officially closes.While the agreement to acquire Seaco was announced on May 20, 2025, the transaction is subject to customary closing conditions, including certain regulatory approvals.These regulatory approvals are critical and can involve multiple jurisdictions, including: * China (where Bohai Leasing is based) * United States * European Union * Switzerland * South Korea * Taiwan * Australia * Singapore * United Kingdom * BrazilThe time it takes to obtain all necessary regulatory approvals can vary significantly, from a few months to over a year, depending on the complexity of the deal and potential antitrust concerns. Some reports have even noted that Bohai Leasing has cautioned that the completion is "far from certain" due to these approvals.Therefore, while the agreement is in place, Seaco Ltd. (or Bohai Leasing) will not receive the $1.75 billion until all closing conditions, especially the regulatory approvals, have been met. The exact date is not yet public, as it depends on the progress of these approvals.
GREEN MAKER
12月前
This is what ai says for what it's worth:
Seaco Ltd. has recently been involved in a significant sale.Recent Sale:On May 20, 2025, Textainer, a portfolio company of Stonepeak (a leading alternative investment firm specializing in infrastructure and real assets), entered into an agreement to acquire Global Sea Containers Limited ("Seaco") from Bohai Leasing Co., Ltd. for an equity purchase price of $1.75 billion. This transaction is subject to customary closing conditions, including regulatory approvals.This acquisition will significantly boost Textainer's position in the container leasing market, increasing its managed fleet to approximately 6.9 million TEU (twenty-foot equivalent units), narrowing the gap with the current market leader, Triton.Previous Ownership and Shareholders:Prior to this sale, Seaco (Global Sea Containers Ltd.) was a wholly-owned subsidiary of Bohai Leasing Co., Ltd. Bohai Leasing is a Chinese public company listed on the Shenzhen Stock Exchange (SZ Stock Code: 000415). Bohai Leasing's parent company was HNA Group, which had been facing financial distress.Seaco's origins trace back to 1965. It was incorporated in Bermuda and became a 50/50 joint venture between General Electric Capital Corporation and Sea Containers Ltd. in 1998 (as GE Seaco). After Sea Containers Ltd. filed for bankruptcy in 2006, its interests in GE Seaco were transferred to a new company, Seaco Ltd., which then sold GE Seaco (renamed Seaco SRL) to HNA Group in 2011.In summary, the major shareholder of Seaco Ltd. (Global Sea Containers Ltd.) was most recently Bohai Leasing Co., Ltd., but an agreement is in place for Seaco to be acquired by Textainer, backed by Stonepeak.