Arcus secures second investment in the tank container sector

Arcus Infrastructure Partners (“Arcus”) is pleased to announce that Peacock Group Holdings B.V. and its affiliated entities (“Peacock”), recently signed contracts to acquire a portfolio of c. 9,000 tank containers and associated operating and financial leases from the Gem Containers Limited (“Gem”).

The acquired fleet consists of a variety of tank container types, early in their asset life cycle, with solid long term leases to reputable clients. The addition of the Gem assets was concluded following exclusive negotiations with the sellers and will boost Peacock’s total fleet to c. 16,500 tank containers, resulting in Peacock moving into the top six tank container lessors globally. Combining the fleet of Gem assets with Peacock leads to a reduction in average asset age, while increasing the average remaining contract term and offering various operational synergies.

This is Arcus’ second investment in the tank container sector having recently acquired Peacock in February 2021.

Arcus was advised by ABN AMRO Bank (financial), Stephenson Harwood and Simmons & Simmons (legal), and EY (tax).