New backing for Gem

Tank container leasing company Gem Containers Limited has a new majority owner.

RCOG Tank Leasing, established by investment house Rampart Capital LLP, through a joint venture Rampart Capital Oil & Gas Holdings Limited, has acquired majority ownership of Gem in a private transaction.

Gem was established in 2012 by managing director Heidi Sommerville, who remains a significant shareholder and will continue to lead the expansion of the company.

Commenting on the deal, Sommerville stated: “We are very excited about the opportunity that this transaction creates for Gem. The access to proprietary capital, together with the financial expertise from our new shareholders, will enable Gem to grow the business and offer greater diversity in equipment and lease products.”

Rampart Chief Investment Officer Giles White added: “Tank container leasing represents an attractive and expanding niche within the leasing market and we hugely look forward to working with Heidi and her team.”