TITAN Containers Ltd News and PR from TITAN Containers Ltd - Published 18 February 2020 TITAN PARTNERS WITH KIRK KAPITAL
KIRK Kapital invests around DKK 140 million (€ 19m $ 21m £ 16m) to support the continued growth in the rental fleet and global operations in TITAN. The transaction values TITAN Containers A/S at more than DKK 1 billion (€ 134m $ 148m £ 114m).

CEO of KIRK Kapital, Kim Gulstad, is excited about the opportunity to invest in TITAN. “We are truly impressed by TITAN’s journey. From a single container sold out of Layland Barker’s garage in 1987 to a global leader within the refrigerated container storage market more than three decades later. The transaction with TITAN is a prime example of our unique partnership strategy. In this situation we partner up with a fast-growing owner-led company with high potential.” says Kim Gulstad.

Today, TITAN has a fleet of more than 30,000 rental containers and TITAN’s revenue is expected to be around 520 million DKK in 2019. TITAN has consistently over the last many years achieved two-digit growth rates in its container fleet.

Although the company is currently already running at full throttle, it is according to Layland Barker, highly beneficial for TITAN’s growth prospects to enter into a partnership with KIRK Kapital. “Having KIRK Kapital as a TITAN shareholder, is a quality stamp to our business and achievements to date. KIRK Kapital shares our values and I believe that their competencies and active ownership makes them an ideal partner.” Says Layland Barker, CEO TITAN.

KIRK Kapital is an active minority investor looking to actively support the companies it invests in. In connection to the transaction Kim Gulstad, CEO and Andreas Færk, CIO Strategic Investments at KIRK Kapital, will join the Board of Directors at TITAN.

TITAN joins the KIRK Kapital family consisting of 11 existing partnerships, including Beck-Pack, Ferrosan Medical Devices, Kompan and Scanmetals among other. Layland Barker, founder and CEO of TITAN retains the ownership of the remaining 70% of the shares in TITAN following the transaction.

ABG Sundal Collier and Bech-Bruun have advised the Layland Barker family and Bruun & Hjejle and Deloitte have advised KIRK Kapital in connection with the transaction. Arbejdernes Landsbank will continue to support TITAN with operating banking facilities as well as financing services.
Today, TITAN has a fleet of more than 30,000 rental containers

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