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Two PE firms mull over Triton Container IPO

Listing move latest sign of recovery in shipping industry

Published Tue, Jun 3, 2014 · 10:00 PM
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[NEW YORK] Private equity (PE) firms Warburg Pincus LLC and Vestar Capital Partners Inc are exploring an initial public offering (IPO) of Triton Container International Ltd that could value the company at more than US$6 billion, including debt, said three people familiar with the matter.

The move is the latest sign of recovery in the shipping industry. Shipowners ordered large numbers of vessels between 2007 and 2009, just as the global economy sank into crisis. Prospects have brightened in recent months as world trade picks up and the ship glut …

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