Minter Ellison and Allen & Overy are advising on Archer Capital Growth Fund’s sell down of its investment in container leasing company SCF Group, in which it held a majority stake.
Minter Ellison is legal adviser to the selling shareholders of SCF Group, which include Archer Capital Growth Fund, the founders of SCF Group, Richard Sykes and Lindsay Carthew, and other management shareholders.
Allen & Overy is acting for the Intermediate Capital Group, with partner Grant Koch and Martin Larkman, leading the firm’s advice.
The value of the deal has not been disclosed.
UK-listed Intermediate Capital Group has taken a minority stake in SCF Group, and the SCF management team, led by chief executive officer Richard Sykes, has increased its stake to hold a majority stake following Archer's exit.
SCF Group is an independently owned and operated Australian business that sells and leases cargo shipping containers. It is a leading supplier of storage containers to Australian transport resources, construction and static storage industries.
Minters partner Dan Marks said the transaction was a” fantastic” result for the shareholders of the SCF Group, as well as “providing a successful exit for Archer and a further stepping stone to the continued growth of the group”.
"It was the culmination of months of hard work by all concerned and the team at Minter Ellison is delighted to have been involved and to have assisted with the successful outcome,” he said.