Global Container International Finalizes New Equity Commitment
HAMILTON, Bermuda--(BUSINESS WIRE)--Oct 5, 2018--Global Container International LLC (“Global”) today announced that a client of Hudson Structured Capital Management Ltd. (“HSCM”) has taken a minority equity position in the company that will expand the company’s capital base and provide capacity to support continued growth. The investment included an immediate infusion of capital and a forward commitment to fund additional equity alongside existing commitments from lead investor Wafra Inc. (“Wafra”).
“We are very pleased to welcome HSCM as a new shareholder and we look forward to working with them into the future,” said Jeffrey Gannon, CEO of Global. “Hudson’s additional financial capacity and transportation industry expertise will prove valuable as we continue to expand our platform.”
“With the launch of Global, we are excited to partner with such well-respected industry veterans as Jeff Gannon and Adrian Dunner and to complete our first investment in the container industry,” said David Andrews, Managing Partner-Transport of HSCM.
About Global Container International LLC
Global Container International LLC is a Bermuda-based company with headquarters in Boston, Massachusetts, and offices and agency representation in Hong Kong, Shanghai, Singapore, Antwerp, Taipei, and Seoul. Global was launched in April 2018 with a capital commitment from management and investment vehicles managed by Wafra. For more information please visit www.gcxint.com.
About Hudson Structured Capital Management
Hudson Structured Capital Management Ltd. is a premier investment adviser that specializes in investing in the transportation and (re)insurance sectors, on a global basis. Launched in 2015 with the financial support and backing of one of the world’s largest and most respected publicly-traded private equity firms, HSCM is structured as a private partnership. HSCM focuses on core economic sectors that it expects to outgrow global Gross Domestic Product, offer low correlations with broader markets and are experiencing a shift from balance sheet to market financing. The firm currently has offices in Bermuda and Connecticut, U.S.A. As of August 31, 2018, HSCM had capital commitments and managed assets of approximately $1.04 billion. For additional information please visit: www.hscm.com.
About Wafra Inc.
Wafra is a leading investment firm which pursues strategies across the spectrum of alternatives, including strategic partnerships, alternative finance, real assets, real estate, liquid markets, private equity and venture capital, and provides consulting services. Wafra, together with its affiliates, manages assets of over $23 billion, and has principal offices in New York, Texas, Luxembourg, Bermuda, Germany, and an associated office in Kuwait. For additional information, please visit: www.wafra.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181005005449/en/
CONTACT: Global Container International LLC
Jeffrey Gannon, +1-339-203-0939
Chief Executive Officer
KEYWORD: UNITED STATES BERMUDA NORTH AMERICA CARIBBEAN MASSACHUSETTS
INDUSTRY KEYWORD: TRANSPORT MARITIME OTHER TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT
SOURCE: Global Container International LLC
Copyright Business Wire 2018.
PUB: 10/05/2018 01:47 PM/DISC: 10/05/2018 01:47 PM