PRINT THIS PAGE UK Klesch acquires Transamerica Maritime Containers in $1.2 billion deal08/11/2004. Source: AltAssets. 
London-based private equity firm Klesch & Company joins with US-based PE firm Jordan Company, to buy one of the world�s largest maritime container operators, TMC, from Transamerica Finance Corporation for $1.2 billion. TMC has 20 offices and 225 container depots in 45 countries. The company offers equipment to transport dry and refrigerated cargo, as well as heavy and difficult cargoes. The seller, Transamerica Finance Corporation, is a subsidiary of AEGON N.V.
A. Gary Klesch, Chairman of Klesch & Company, has been appointed Chairman of the new container operating company - which has now been renamed TAL International.
He commented, "This transaction will enable TMC to operate as a standalone company once more and we intend to focus the business on becoming the undisputed market leader in the industry. We have been very impressed by the way the management of TMC have run this operation, positioning it well in an industry which is growing consistently, with industry experts forecasting continued growth in demand and generally strong market conditions in the forthcoming years. We also welcome management as investors."
With 17 employees, British-based Klesch & Company Ltd had made private equity investments with a value in excess of �2 billion.
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