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PwC finds buyer for UTT after year-long search

PricewaterhouseCoopers Corporate Finance has helped United Transport Tankcontainers (UTT), the Dutch container group, seal a deal with 3i, the private equity house, more than a year after the search for a buyer began.

The accounting firm advised the management of UTT, a subsidiary of a transport company that is itself backed by Close Brothers Private Equity, a rival buy-out firm to 3i, on its €100m ($99m) buyout from United Transport International (UTI). 3i, the private equity firm, is backing the deal and is also using PwC for advice. KPMG Corporate Finance represented the parent company UTI.

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