Buss funds implement mega container sale

Seaborne Intermodal acquires a total of approximately 275,000 containers from Buss Global Container Fonds 2 and 3
 
The two largest Buss Capital container funds sell their joint portfolio. Buss Global Container Funds 2 and 3 sell a total of approximately 275,000 containers for about USD 410 million to Seaborne Intermodal, a subsidiary of Intermodal Holdings LP, an entity recently formed by US-based private equity firm Lindsay Goldberg to invest in intermodal assets. Approximately 6,700 investors can look forward to estimated cash payouts of USD 160 million: their funds will thus at a minimum reach their projected performance. Buss Capital had issued the two funds in 2006 and 2007.
 
Dr. Dirk Baldeweg, managing partner at Buss Capital: "This deal is the biggest fund container sale. It shows that even in rough times investors can earn good profits with container funds, if the fund company knows the art of careful calculation and skilled asset management." The joint container company of both funds was actively managed by their own staff in Singapore. Already in 2011 Buss Capital Singapore has successfully sold a portfolio of 114,000 fund containers via a tender process.
 
Meanwhile the international container market remains stable. Dr. Baldeweg: "Since shipping companies are short of cash, the trend is towards leasing – for three years in a row now. The good fund results strongly account for the soundness of the container market.“

Quelle: LogEastics

Portal: www.logistik-express.com