Another “core-plus” infrastructure asset has just hit the auction block.
The term, which has come to include businesses ranging from data centres to healthcare providers, has seen much action recently. The latest one to join the fray is transport and storage outfit SCF Containers, which has been renting and selling containers to removalists and relocators since the early 1990s.
Jefferies has been drafted in for the sale, with expectation floating in the $250 million range.
As SCF kicks off a sale process, construction supplies business Jaybro is wrapping one up. After a $600 million sale from CPE Capital to Quadrant Private Equity, Jaybro and its new owners are shopping around for a new debt stack.
Elsewhere, we consider private equity’s intentions in this sell-off. Their dry powder has, well, remained drydespite every investment banker assuring anyone who’d listen that private equity is cashed-up and ready to buy.
Intermediate Capital Group is set to pull trigger on plans to sell its specialised transport and storage containers business SCF, fuelling expectations of a $250 million-odd auction.
Credit Agricole and Credit Suisse are seeking other banks and credit funds to join them in the debt stack at Quadrant Private Equity’s construction supplies investment in waiting Jaybro.
