Royal Wolf, Tyne Container Services and ACFS are being tipped as the most likely parties to buy Intermediate Capital Group’s shipping container provider SCF, which is set to hit the market next year.
The company is up for sale through advisory firm Jefferies.
It has about three or four divisions and operates in intermodal transport, on-site storage containers, bulk liquid and powder storage tanks, containerised accommodation and offices, refrigerated containers and dangerous goods storage.
SCF generates about $25m in annual earnings and is expected to sell for a multiple of about 7.5 times its annual earnings before interest, tax, depreciation and amortisation.
It manages more than 13,000 containers throughout Australia, as well as a depot network spanning Australia’s major cities.
ICG is also offloading its Everlight Radiology business through Rothschild and selling SCF after it divested its Cura Day Hospitals Group to Fresenius Medical Care in 2017 in a $400m-plus deal.
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