NEW YORK, Nov. 5, 2004 (PRIMEZONE) -- TAL International Group, Inc., a company controlled by The Jordan Company, a New York based private equity firm, is pleased to announce the acquisition of Transamerica Maritime Containers ('TMC'), one of the world's largest maritime container lessors. TMC is being acquired from Transamerica Finance Corporation, a subsidiary of AEGON N.V., for $1.2 billion. In addition to funds managed by The Jordan Company, investors include Klesch & Company Limited, a London based private equity firm, and TMC's senior management team.
Containerized trade has enjoyed continuous growth over the past 25 years and is expected to continue to gain a growing portion of international trade transport in the years ahead. TMC, headquartered in Purchase, NY, owns and manages approximately 1,000,000 TEU's (Twenty foot equivalent units) made available under lease contracts through 20 offices and 225 container depots in 45 countries. The company offers a wide variety of equipment to transport dry and refrigerated cargo, and employs over 200 people worldwide.
This transaction will allow TMC's management team to operate the company as a stand alone business and capitalize on the significant growth and consolidation opportunities that exist within the container leasing industry.
About The Jordan Company
The Jordan Company, L.P. is a New York-based investment firm with approximately $2.5 billion of capital under management that has been sponsoring and investing in middle market leveraged buyout transactions for more than 20 years. Jordan currently has a portfolio of private equity investments representing more than $4.0 billion in annual revenue.