Triton Container to combine with TAL International

Triton Container International Ltd. is merging with TAL International Group Inc. in a stock swap. Triton shareholders will own 55 percent of the equity of the combined company and TAL shareholders have 45 percent. Triton, which operates a container fleet of 2.4 million TEU, is backed by Warburg Pincus LLC and Vestar Capital Partners. TAL International operates a container fleet of 2.4 million TEU. Once the deal closes, Warburg will have about 27 percent of the newly-formed Triton International Ltd. while Vestar will own 15 percent. Wells Fargo Securities advised Triton while BofA Merrill Lynch advised TAL.

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