Mitsubishi HC Capital, a Japan-based company mainly engaged in the financial business, agreed to acquire CAI International, a transportation finance company, for $2.85bn. "Over the past year, we have delivered on the commitment we made to our shareholders to return CAI’s focus to its core container leasing business. Executing on that strategy put CAI in position to partner with MHC, a strong, quality, global financial organization. Going forward, the combination of CAI and MHC will allow MHC to leverage CAI’s global marketing and operational expertise, and along with MHC’s existing container investments will provide enhanced value to MHC’s container leasing customers, suppliers, employees, and other stakeholders. After the closing of the transaction, MHC expects to retain CAI’s existing management team and employees. CAI’s headquarters will remain in San Francisco," Timothy Page, CAI President and CEO. On September 2, 2021, CAI International Stockholders approved the merger agreement for acquisition.