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Mitsubishi HC Capital Acquires Marine Container Leasing Company CAI International

November 24, 2021, 07:23 AM
Filed Under: Mergers & Acquisitions

Mitsubishi HC Capital Inc. (the Company) announced the company completed the acquisition of San Francisco, CA-based CAI International, Inc. CAI is now a wholly owned subsidiary of the Company. The acquisition had been announced on June 18.

Under the terms of the acquisition, the Company acquired all outstanding shares of CAI for $56.00 per share in cash or total consideration of approximately $1.1 billion, consisting of $104 million (per value) of preferred stock and $986 million of common stock equity value.

Mitsubishi HC Capital Group focuses its business operations around five key areas: Social Infrastructure & Life; Environment & Energy; Mobility; Sales Finance; and Global Assets.

As Global Assets, the Company is now contributing to efficient movement of goods and people through leasing of highly-liquid value-added assets globally; marine containers, freight cars and aircraft leasing.

The Company entered the global marine container leasing business in 2014 with its acquisition of Beacon Intermodal Leasing, LLC (BIL). This acquisition of CAI is intended to enhance the company’s competitive position and will help drive the Company towards its goal of becoming a top global player in the marine container leasing market. The combination and integration of BIL and CAI will enhance the Company’s ability to accelerate growth by providing updated, expanded and reliable services that will meet the needs of our customer throughout the business cycle, by leveraging the expertise and knowledge of BIL and CAI.

The Company offers essential logistics functions including leasing of marine containers, aircraft, and freight cars, the mobility service beyond the framework of auto leasing, and furthermore, the management and operation of logistics facilities. The Company aims to create and provide more efficient, convenient and eco-friendly logistics services that meet needs and expectations of society and its customers, by not only enhancing each of the businesses but also creating synergies among them through an effective combination of diverse functions.

Through the business integration of Mitsubishi UFJ Lease & Finance Company Limited and Hitachi Capital Corporation in April 2021, the Company has been reinforcing a solid and stable business foundation with extensive and diversified portfolio in terms of business fields and geographical footprint. It will continue efforts to achieve greater growth globally and promote investment in assets that will raise its corporate value, while maintaining strengths in the balance sheet.

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