Crestline Investors Provide Significant Growth Financing to a Tank Container Leasing Platform
FORT WORTH, Texas, September 12, 2017-- Crestline Investors, Inc. ("Crestline"), an institutional alternative asset manager, is pleased to announce the recent closing of financing to fund the accelerated growth of Gem Containers Limited ("GEM"), a tank container leasing and management business based in London. GEM will use the facility to scale up its leased tank container portfolio, providing high-quality equipment and services to its logistics and industrial customers globally.
The financing was provided through the Crestline Opportunity Fund III strategy, a part of Crestline's opportunistic investment group that invests primarily in small to mid-size corporate and asset-based investment opportunities. GEM is backed by Rampart Leasing LP, an investment vehicle of London-based multi-family office Rampart Capital LLP and its RCOG Holdings joint venture.
"Crestline worked closely with the GEM team to understand the capabilities of our platform, our outstanding track-record and our value proposition for customers. Together we have formulated a flexible capital solution to fit our growth plans. Crestline's investment enables us to further accelerate our growth and focus on delivering high-quality assets and services to our customers," said Heidi Sommerville, CEO of GEM.
"We are delighted to be supporting GEM through this investment," said Andrey Panna, Managing Director at Crestline Europe, LLP, the European subsidiary of Crestline Investors. "We look forward to the continued growth of the company, and working with Heidi and her team to help accelerate GEM's expansion."
About Crestline Investors, Inc.
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, USA is an institutional alternative investment management firm with approximately $9.0 billion of assets under management1. Crestline specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund, and provides Beta and Hedging Solutions for Institutional clients. In addition to its Fort Worth headquarters, the company also maintains affiliate offices in London, New York City, Chicago, Toronto and Tokyo. For more information, please visit www.crestlineinvestors.com.
About GEM Containers Limited
GEM was established in London in 2012 as a specialist tank container management and leasing business, with a current fleet close to 2000 units. GEM provides a range of tank container specifications for lease to operators and end-users in the international shipping, logistics and manufacturing industries that service a wide range of products and markets across the globe. GEM's funding structure offers customers a variety of lease transaction types at competitive market rates and terms, supported by our highly experienced team of professionals. For more information, please visit www.gemcontainers.com.
1 As of September 1, 2017
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