Stratrix
On the Record · Seaspan

Seaspan acquisitions, on the record

The businesses Seaspan bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
four 4250 TEU vessels formerly operated by Hanjin
Word for word“In December 2016, we entered into agreements to purchase four 4250 TEU vessels formerly operated by Hanjin and under the control of Hanjin’s creditors, for a total purchase price of $20.8 million.” 20-F for 2016
agreed acquisitionDecember 2016$20.8 million
two 11000 TEU newbuilding vessels from GCI
Word for word“In June 2016, we acquired two 11000 TEU newbuilding vessels from GCI for a total purchase price of $195.6 million.” 20-F for 2016
agreed acquisitionJune 2016$195.6 million
four 4800 TEU vessels sold to MSC
Word for word“In 2011, we entered into agreements to bareboat charter four 4800 TEU vessels to MSC, each for a five-year term and MSC agreed to purchase the vessels for $5.0 million each at the end of the bareboat charters.” 20-F for 2016
agreed divestiture—$5.0 million each
two Greater China Intermodal Investments LLC subsidiaries (GCI Subsidiaries)
Word for word“In June 2016, the Company acquired 100 percent of each of two Greater China Intermodal Investments LLC subsidiaries (“the GCI Subsidiaries”).” 20-F for 2017
acquisitionJune 2016—
two second-hand 2500 TEU vessels
Word for word“In February 2018, we purchased two second-hand 2500 TEU vessels as described in “Item 5. Operating and Financial Review and Prospects—A. General: Management’s Discussion and Analysis of Financial Condition and Results of Operations—Recent Developments—Acquisition of Two Second-hand Vessels.”” 20-F for 2017
acquisitionFebruary 2018—
GCI
Word for word“On March 13, 2018, we acquired the remaining 89.2% non-controlling interest that we did not previously own in GCI from affiliates of The Carlyle Group and the minority owners of GCI.” 20-F for 2018
acquisitionOn March 13, 2018—

Read from Seaspan’s annual reports (20-F for 2018, 20-F for 2017, 20-F for 2016) and the financial data it files with the SEC, as of 2019-03-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.