- CAI International, the #5 container lessor in the world, announced a strategic review in December 2019.
- After failing to find a bidder, CAI terminated the strategic review in June 2020. CAI finished divesting its non-core assets in December 2020.
- On June 17, 2021, CAI announced a sale to Mitsubishi HC Capital, Inc. for $56/share.
- The price is approximately 1.58x March 31, 2021, Adjusted Tangible Book Value per Share and 1.4x estimated Dec. 31, 2021 Adj. TBVps.
- Mitsubishi HC Capital, Inc. acquired Beacon Container Leasing (#6 in the world) in 2014. The combined entity will become the third largest behind Triton and Textainer.
For further details see:
CAI International Cashes Out With Sale To Owner Of Beacon Intermodal Leasing