SCF Group on the block af­ter com­pany re­struc­ture

Australian Transport News - - News -

Con­trol of na­tional trans­port and ship­ping con­tainer rm SCF Group is open to bid­ders.

The move comes ve months af­ter UK pri­vate equity com­pany In­ter­me­di­ate Cap­i­tal Group (ICG) brought in re­ceivers McGrathNi­col for hold­ing com­pany Pop­eye Holdco, and ve years af­ter ICG bought into the busi­ness, tak­ing over Archer Cap­i­tal’s 60 per cent stake.

Shares in Ade­laide-head quar­tered na­tional rm SCF re­side with by Pop­eye Bidco.

It is owned by Pop­eye Holdco for which McGrathNi­col is now seek­ing ex­pres­sions of interest. SCF says it man­ages 13,000 new and used con­tain­ers for sale and hire as well as de­sign, with de­pots in Ade­laide, Bris­bane, Dar­win, Mel­bourne, Kar­ratha, Perth and Syd­ney.

Ser­vic­ing ma­jor trans­port and lo­gis­tics com­pa­nies and those in other in­dus­tries, its prod­uct range in­cludes tanks, con­tain­ers for site stor­age, ac­com­mo­da­tion and in­ter­modal equip­ment which in­cludes re­frig­er­a­tion, side doors, pal­let wide and high cube con­tain­ers.

Com­ment has been sought from McGrathNi­col.

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