Hogan Lovells advises Bohai Leasing on the sale of Seaco to Stonepeak

Press releases | 21 May 2025

London, 21 May 2025 - Global law firm Hogan Lovells is advising Bohai Leasing Co., Ltd (“Bohai Leasing”) on the sale of Global Sea Containers Limited (“Seaco”) to Typewriter Ascend Ltd, an entity controlled by Stonepeak, (“Stonepeak”) for an equity purchase price of $1.75 billion, subject to certain adjustments. The transaction is subject to customary closing conditions including regulatory approvals.

Originally established in 1965, Seaco is incorporated in Bermuda and is currently an indirect wholly-owned subsidiary of Bohai Leasing (an entity listed on the Shenzhen Stock Exchange). Seaco operates as a marine container leasing company with global operations and, today, owns and operates a container fleet greater than 2.4 million TEU globally with over 360 depots and 23 offices.

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. As a sponsor of private equity and credit investment vehicles, Stonepeak provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate.

Commenting on the transaction, Hogan Lovells partner Sarah Shaw said: “We are delighted to be supporting Bohai Leasing on this significant transaction, which demonstrates our ability to execute premium cross-border M&A transactions in the infrastructure space on a truly global scale, working seamlessly across a number of our offices.”

The Hogan Lovells team representing Bohai Leasing is led by London-based partner Sarah Shaw supported by London-based partner Anthony Doolittle and Beijing-based relationship partner Liang Xu, with support from a full-service global team including London-based senior associate Scott Prior and associate Imogen Thwaites, Washington DC-based counsel Sean Collins and Beijing-based senior associate Mo Chen. Antitrust and FDI advice is being provided by London-based partner Angus Coulter and senior associate John Embleton.