ICG, the global alternative asset manager, today announced that its Asia Pacific Corporate team has realised its investment in SCF Containers (“SCF” or “the Company”), a leading provider of containerised and modular infrastructure solutions in Australia and New Zealand, exiting to PT Asian Bulk Logistics (“ABL”). The transaction positions the Company for further growth, with the support of a long-term, sector-aligned investor.
With ICG’s backing, SCF significantly broadened its international capabilities, strengthened its fleet and secured major customer wins across the resources, industrial, defence and logistics sectors. Most recently, the Company announced a landmark agreement with Aurizon, Australia’s largest rail-freight operator, to deliver a specialised tank and intermodal containerised logistics solution for BHP’s Copper South Australia operations. The long-term project supports a transition from road to rail and contributes to meaningful emissions reduction across the supply chain.
ABL’s investment will provide strategic support for SCF to accelerate growth, deepen customer partnerships and continue its commitment to delivering sustainable, innovative infrastructure solutions.
ICG is currently investing Asia Pacific Fund IV, which closed at $1.1bn in May 2022, with recent investments in SuperChoice, Alfa Medicus and Cura Day Hospitals.
James Giannas, Managing Director at ICG, commented:
SCF has been a highly valued business within our portfolio, and we are exceptionally proud of the progress the management team has made. The Company has expanded its capabilities domestically and internationally, strengthened its customer base, and secured transformational opportunities such as the Aurizon agreement. We believe ABL is the ideal partner to support SCF through its next chapter, and we look forward to seeing the Company continue to grow under their stewardship.
Justin Speedy, CEO of SCF, said:
We are delighted to be joining the ABL group. I would like to thank ICG for their long-standing support and partnership, which has allowed us to strengthen our operations, expand our fleet, and secure major new opportunities such as the Aurizon contract. ABL brings deep industrial expertise and a long-term mindset, and we look forward to accelerating our growth trajectory and continuing to deliver innovative, sustainable solutions for our customers. In the meantime, it is business as usual for our valued customer base as we enter what really is an exciting new chapter for SCF.
Ika Heru Beth Ari, President Director of ABL, added:
Acquisitions enable accelerated growth by providing immediate access to new assets, technologies, customers, and revenue streams, while expanding market reach across new regions. They also support rapid portfolio diversification and offer capabilities that strengthen competitiveness. Integrating SCF into the ABL Group presents significant opportunities to widen our customer base, enhance our solution suite, and reinforce our position as a world-class logistics leader.
The terms of the transaction have not been disclosed.
For further information please contact:
Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
[email protected]
Maisie Le Masurier
Corporate Communications
+44 20 3545 1624
[email protected]
About ICG
ICG (LSE: ICG) is a global alternative asset manager with $124bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.
*As at 30 September 2025.
About ABL
Asian Bulk Logistics, established in 2010 in Jakarta, is a leading provider of integrated logistics and infrastructure solutions. Its maritime operations span a fleet of more than 100 vessels, including 15 Crane Transshipment Systems (CTS), 10 Mother Vessels, over 57 barging units, 2 Landing Craft Tanks (LCTs), 2 accommodation barges, 14 tug-assist vessels, and more than 35 units of heavy equipment. Complementing its marine capabilities, ABL also operates a strong rail logistics platform through One Rail Australia—one of the largest and most reliable rail freight operators in the country—supported by 54 locomotives, 1,596 wagons, and 2 dedicated maintenance facilities. To further strengthen its integrated service offering, ABL recently acquired Transshipment Service Australia (TSA). The acquisition enhances operational scale and adds 1 CTS, 6 barging fleets, 2 crew transfer vessels, and 1 self-propelled vessel to ABL’s portfolio, reinforcing its position as a seamless, end-to-end logistics solutions provider.
About SCF
SCF Containers is one of Australia’s largest and most established providers of specialised container solutions, serving customers across transport, logistics, resources, construction, retail, defence, and government sectors. Operating for more than 30 years, the company offers a comprehensive portfolio that includes intermodal containers, tank containers, refrigerated units, site accommodation modules, and custom-engineered container products. SCF also provides rental, sales, maintenance, and design services, supported by a nationwide depot network covering major cities such as Adelaide, Melbourne, Brisbane, Sydney, Perth, and Darwin, as well as several strategic regional locations. Through its integrated service model, technical capability, and strong geographic reach, SCF supports a wide range of operational needs from bulk transport and storage to remote site operations, making it a critical supplier within Australia’s broader supply chain ecosystem.
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