22 January 2013
The Singapore office of Watson, Farley & Williams LLP (“WFW”), a leading international law firm, is pleased to announce that it has advised BGCM Partnership in relation to the sale of a substantial part of its managed marine cargo container fleet to Seaborne Intermodal, a subsidiary of US private equity firm Lindsay Goldberg, for a consideration of approximately US$408,000,000. The disposal comes as BGCM Partnership – an unlimited partnership registered in Singapore – exits its investments in order to return funds to its investors.
Owing to existing management arrangements, it was imperative to close the deal on 31 December 2012.
The transaction was led by Singapore-based partner Damian Adams, assisted by associate Meishuang Tay.
Damian Adams said: “BGCM is a long-time client of the firm, and we were delighted to be able to assist the Partnership on the smooth and successful sale of its fleet.”