Warburg Pincus LLC and Vestar Capital Partners will buy a controlling interest in container leasing company Triton Container International Ltd from the Pritzker family, one of America's wealthiest families, the private equity firms said on Thursday. The terms of the deal were not disclosed, but a source familiar with the matter said Warburg and Vestar have agreed to pay about $1 billion for Triton. Including debt, the deal has an enterprise value of about $3.5 billion, that source said. Triton's current management team will continue to lead the business and will hold equity in the company. Chicago's Pritzker family will also retain an equity stake in Triton.
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