Fort Worth-based Crestline Investors Inc., an institutional alternative asset manager, has closed on financing to fund the accelerated growth of Gem Containers Limited, a tank container leasing and management business based in London.
GEM will use the funds to scale up its leased tank container portfolio, providing high-quality equipment and services to its logistics and industrial customers globally.
The financing was provided through the Crestline Opportunity Fund III strategy, a part of Crestline’s opportunistic investment group that invests primarily in small to mid-size corporate and asset-based investment opportunities. GEM is backed by Rampart Leasing LP, an investment vehicle of London-based multi-family office Rampart Capital LLP and its RCOG Holdings joint venture.
“Crestline worked closely with the GEM team to understand the capabilities of our platform, our outstanding track-record and our value proposition for customers. Together we have formulated a flexible capital solution to fit our growth plans. Crestline’s investment enables us to further accelerate our growth and focus on delivering high-quality assets and services to our customers,” said Heidi Sommerville, CEO of GEM.
“We are delighted to be supporting GEM through this investment,” said Andrey Panna, managing director at Crestline Europe LLP, the European subsidiary of Crestline Investors. “We look forward to the continued growth of the company, and working with Heidi and her team to help accelerate GEM’s expansion.”
www.crestlineinvestors.com.
www.gemcontainers.com.