Mitsubishi HC Capital’s $2.9 Billion Acquisition of CAI International

Davis Polk advised Mitsubishi HC Capital Inc. in the transaction.

Mitsubishi HC Capital Inc. executed its acquisition of CAI International, Inc. at an enterprise value of approximately $2.9 billion. The transaction is subject to approval at CAI’s meeting of shareholders, approvals and permissions from the antitrust authorities and fulfillment of terms and conditions. The transaction is expected to close in the late third quarter or early fourth quarter of 2021.

Mitsubishi HC Capital was formed between the business integration of Mitsubishi UFJ Lease & Finance Company Limited and Hitachi Capital Corporation. CAI is one of the world’s leading transportation finance companies. As of March 31, 2021, CAI operated a worldwide fleet of approximately 1.8 million CEUs of containers. CAI operates through 13 offices located in 12 countries including the United States.

The Davis Polk corporate team included partner Phillip R. Mills (Picture) and associates Nicholas C. Phillips and Samuel F. Page. Partner Kyoko Takahashi Lin and associate John G Curran provided executive compensation advice. Partner William A. Curran and associate Lex L. Varga provided tax advice. Partner Pritesh P. Shah provided intellectual property advice. Partner Ronan P. Harty and associate Nathan Kiratzis provided antitrust and competition advice. 

Involved fees earner: John Curran – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; Ronan Harty – Davis Polk & Wardwell; Nathan Kiratzis – Davis Polk & Wardwell; Phillip Mills – Davis Polk & Wardwell; Samuel Page – Davis Polk & Wardwell; Nicholas Phillips – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Kyoko Takahashi Lin – Davis Polk & Wardwell; Lex Varga – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Mitsubishi HC Capital;

Author: Martina Bellini