Stonepeak, a US based infrastructure investor, will be taking Textainer, a company that focuses on purchasing, leasing, and resale of marine cargo containers, private in a $2.1bn deal, according to a report by Reuters.
Quoting sources familiar with the matter, the report said that the Bermuda-based company will continue to be led by its current president and CEO, Textainer shareholders will receive $50 a share in cash. The deal has an enterprise value of about $7.4bn.
Further financial details of the deal were not disclosed, but the report noted that Textainer would no longer be listed on New York Stock Exchange and the Johannesburg Stock exchange after the closing of the deal.
