This digest outlines some of the significant legal work undertaken by Conyers on behalf of our clients around the world since the beginning of 2022. The year was challenging for many of.
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HAMILTON, Bermuda, Jan. 20, 2021 /PRNewswire/ Textainer Group Holdings Limited (NYSE: TGH) ( Textainer , the Company , we and our ), one of the world s largest lessors of intermodal containers, today announced that the Company s wholly-owned subsidiary, Textainer Limited, acquired the 49.9% interest in TAP Funding Ltd. ( TAP Funding ) owned by TAP Ltd. Following the acquisition, Textainer Limited owns 100% of TAP Funding. TAP Funding was a joint venture between Textainer Limited and TAP Ltd., a Bermuda based intermodal investment company. TAP Funding owns approximately 80,000 intermodal shipping containers already managed by Textainer with a net book value of approximately $175 million. The share purchase closed on January 19, 2021. Following the closing of the share purchase, Textainer wholly-owns approximately 89 percent of the containers in the Company s fleet.