Deutsche Bank Manages Sale of GE SeaCo – World’s Fifth Largest Container Lessor

General Electric Co. and partner SeaCo Ltd agreed Monday to sell their shipping-container-leasing joint venture, GE SeaCo, in a $1.05 billion transaction.
Ending a seven-month-long auction that attracted strategic and financial investors, Deutsche reported they had arranged the sale of GE SeaCo, which ranks as the world’s fifth-largest lessor of marine containers with a portfolio of more than 870,000 TEUs, to a consortium including HNA Group Co. Ltd. of China and Bravia Capital of Hong Kong, a specialist private equity firm and long standing advisor to HNA Group.

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