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2016-05-12

EQT AB: EQT Infrastructure II to acquire DCLI, one of the largest US providers of marine chassis to the shipping industry

· DCLI provides essential transportation assets and services to the
world's largest container shipping companies and railroads in the US

· EQT Infrastructure II is committed to supporting the continued
development of DCLI through organic and acquisitive growth strategies

The EQT Infrastructure II Fund ("EQT Infrastructure") has agreed to
acquire Direct ChassisLink Inc. ("DCLI" or the "Company"), one of the
largest US providers of marine chassis to the container shipping
industry, from Littlejohn & Co. ("Littlejohn"), a Greenwich, CT based
private equity firm. DCLI's management team, led by industry veteran
and CEO, Bill Shea, will remain with the Company and continue to lead
its growth.

DCLI has a fleet of approximately 120,000 marine chassis in the US.
Chassis are an essential part of the transportation value chain and
are used to carry containers to and from ships in port and local
destinations or intermodal hubs for long haul transport by rail or
truck, as well as for last mile distribution. DCLI's customers
consist primarily of container shipping companies, railroads, motor
carriers, beneficial cargo owners, and other logistics companies who
use DCLI's chassis under long-term contracts. In total, DCLI serves
approximately 3,300 customers across approximately 375 active rental
locations. In addition, DCLI manages approximately 92,000 domestic
containers owned by third parties through its differentiated asset
management platform, REZ-1.

"EQT Infrastructure funds have experience investing in the port sector
in both Europe and North America. We have continued to look for other
angles through which to invest in the companies and assets that
benefit from the underlying macroeconomic trends that are increasing
demand for transportation infrastructure. DCLI's chassis fleet plays
an essential role in the shipping value chain as an indispensable
link between ships, ports, rail, and the container's final
destination. We believe DCLI is well positioned to benefit from
increasing container volumes and has the potential to transform into
a stronger and more diversified intermodal platform," says Alex
Darden, Partner at EQT Partners Inc., Investment Advisor to EQT
Infrastructure.

"We are excited to further grow the business with the support of EQT
and their team of experienced industrial advisors. Over the past four
years, we have more than doubled the size of the business since we
acquired it from Maersk, and we see significant growth potential in
adjacent markets and through the REZ-1 platform," says Bill Shea,
CEO.

"I have been impressed with DCLI's management team and their strategic
vision for the future of the business. They have developed an
industry leading platform with multiple attractive growth avenues. I
look forward to working with the professional management team, the
Board, and EQT in growing and transforming the business," says
Michael E. Moore, Industrial Advisor to EQT who will assume the
position of Chairman in conjunction with the acquisition.

The acquisition of DCLI represents EQT's seventh infrastructure
investment in North America and the second investment in the US port
sector, and is a result of EQT Infrastructure's strong North American
practice and dedication to continued pursuit of opportunities in the
region. The transaction is expected to close during the second
quarter of 2016 following customary antitrust approval.

EQT Infrastructure was advised by Scott-Macon, Ltd., Weil, Gotshal &
Manges LLP, KPMG LLP, Bain & Company, Inc., West Monroe Partners,
LLC, and Marsh LLC.

Littlejohn and DCLI were advised by Harris Williams & Co, Stifel,
Nicolaus & Company, Incorporated and Morrison Cohen LLP.

Contacts

Alex Darden, Partner at EQT Partners, Investment Advisor to EQT
Infrastructure II, +1 917 281 0840

Kerstin Danasten, EQT Press Contact, +46 8 506 55 334
About EQT

EQT is a leading global private equity group with approximately EUR 29
billion in raised capital. EQT has portfolio companies in Europe,
Asia and the US with total sales of more than EUR 17 billion and
approximately 140,000 employees. EQT works with portfolio companies
to achieve sustainable growth, operational excellence and market
leadership.

EQT Infrastructure II is a EUR 1.9 billion fund investing in
medium-sized infrastructure businesses in the Nordic region, parts of
Continental Europe, and North America. Investment targets are
regulated infrastructure, concession-based infrastructure,
market-based infrastructure and services businesses with
infrastructure characteristics.

For further information, please visit www.eqt.se

About DCLI

Direct ChassisLink is a leading provider of equipment and asset
management services to the U.S. intermodal industry. DCLI provides
chassis leasing and chassis / container management services to
container shipping companies, railroads, terminal operators,
logistics companies, motor carriers and beneficial cargo owners
through its advantaged network, information technology, and field
management organization. DCLI was originally formed in 1988 as Maersk
Container Service Company, and operated as a subsidiary of Maersk
until early 2012.

For further information, please visit www.dcli.com

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http://news.cision.com/eqt-ab/r/eqt-infrastructure-ii-to-acquire-dcli--o...
http://mb.cision.com/Main/87/2007983/515018.pdf

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