Tuesday, September 20, 2011

Private equity firms acquire controlling interest in IAS

Two private equity firms have acquired joint control of the transport tech firm International Assets Systems, it was announced.

While Warburg Pincus and Vestar Capital Partners have taken majority interest in IAS, an electronic platform for managing container assets, the Pritsker family-run business “will retain a significant stake in the company,” according to a statement.

“IAS has developed tremendous expertise in delivering equipment management solutions to the world’s leading ocean carriers and container leasing companies and is well-positioned to continue to solve important operational efficiency issues facing the global trade and shipping industry,” said David Coulter, managing director of Warburg Pincus. “

Terms of the deal were not disclosed.

 

 

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