Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, has completed its acquisition of Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, in a deal valued at US$7.4 billion.

The purchase price represented a premium of approximately 46 percent over Textainer’s closing share price on October 20, 2023, the last full trading day prior to the transaction announcement.

Simpson Thacher & Bartlett LLP served as the legal counsel to Stonepeak with a team led by partners Mario Ponce and William Sheehan.

Cravath, Swaine & Moore LLP represented Textainer with a team led by partners Richard Hall and Keith Hallam.