Jameson Legal














Dentons advises Agathos Management LLP on its acquisition of a majority stake in Cargostore Worldwide Trading Limited

12 Dec 2016

Dentons has advised Agathos Management LLP (Agathos), a London-based firm that invests in UK-based small- and medium-sized businesses, on its acquisition of a majority shareholding in Cargostore Worldwide Trading Limited which in turn has purchased the business and assets of Cargostore International Limited (Cargostore), a leading global shipping container provider which is currently in administration. The Firm also advised in the acquisition of related debt and assets from each of Investec Asset Finance, Bank of London and the Middle East, and Lombard North Central and new arrangements with SeaCube Containers in the USA.

London-based Cargostore operates a fleet of ISO and DNV 2.7-1 container equipment throughout Europe, North America, South Africa, South East Asia and the Middle East. The company has a long-established reputation for supplying intermodal marine containers to a diverse customer base, from government agencies and defence.

Commenting on the investment, Dentons Corporate partner Jonathan Polin said, "The investment by Agathos means that the core business of Cargostore can carry on providing a global service to its clients around the world. The investment also means that Cargostore Worldwide Trading can execute its strategic growth and product development plan. We are delighted to have advised Agathos on this deal."

Albert Farrant, Partner at Agathos, added, "Dentons rose to the occasion on this deal, providing a highly effective focussed team that was able to help us get this complicated deal over the line in a very limited timescale."

The Dentons team was led by Corporate partner Jonathan Polin with additional support from associate Joseph Collingwood in Corporate, Banking and Finance partners Matthew Sapte and Celia Hayward, senior associate Scott Syme and associate A. Moeen Qayum, Dispute Resolution partner Carolyn Jones, Employment partner Michael Bronstein and senior associate Anjali Raval, and Dentons US Corporate partner Wayne Bradley and senior managing associate Alison M. LeVasseur.

Matter Type
M&A: Acquiror's Counsel
Fund/Investment Management
News Category