Simpson Thacher is representing Stonepeak in connection with its announced agreement and plan of merger to acquire Textainer Group Holdings Limited (NYSE: TGH, JSE: TXT) for $50.00 per common share, representing an enterprise value of approximately $7.4 billion. The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions, including approval by Textainer shareholders and the receipt of required regulatory clearances and approvals.
Textainer is one of the world’s largest lessors of intermodal containers with more than 4 million TEU in its owned and managed fleet, leasing containers to approximately 200 customers, including all of the world’s leading international shipping lines, and other lessees.
The Simpson Thacher team includes Brian Chisling, Jeff Levine, Robert Hausen and Haley O’Connor (M&A); Brian Gluck, Patrick Wolff and Elizabeth Greene (Credit); Ryan Bekkerus, John Schueller and Ben Carson (Capital Markets); Tristan Brown, Linda Barrett and Ryan Kenny (Executive Compensation and Employee Benefits); Jonathan Goldstein and Kris Liu (Tax); Richard Jamgochian, Kelly Karapetyan and Jamie Logie (Antitrust); Lori Lesser and Mark Natividad (Intellectual Property); Michael Isby (Environmental); Krista McManus (Real Estate); and Jonathan Lindabury, Nathan Utterback and Danielle Robinson (Derivatives).