Conyers acted as Bermuda counsel to SeaCube Container Leasing Ltd. (SeaCube) in connection with the sale by Ontario Teachers’ Pension Plan Board (OTPP) of a stake in SeaCube to Wren House Infrastructure Management (Wren House), the London-based infrastructure subsidiary of the Kuwait Investment Authority (KIA). Under the terms of the deal, OTPP and Wren House will operate under a co-control structure of the container leasing company.
SeaCube is one of the largest operating lessors of intermodal containers in the world. The transaction was announced on 4 October 2023.
Conyers acted for SeaCube in connection with OTPP’s take-private of the company in 2013.
Directors Jason Piney and Robert Alexander of Conyers’ Bermuda office advised on this matter alongside Sullivan & Cromwell LLP.