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Kelsian Group acquires All Aboard America!, undertakes cap raise
Listed transport services company Kelsian Group Limited has been advised on its acquisition of US-owned transport solutions platform All Aboard America! Holdings, as well as an associated capital raising.
Jerome Doraisamy
Firm: Kain Lawyers (Australian legal adviser to Kelsian Group Limited on the acquisition and equity raising); White & Case LLP (US legal adviser to Kelsian Group Limited on the acquisition); Piper Alderman (Australian legal adviser to Kelsian Group Limited on the debt financing, alongside Gresham Partners)
Area: Transport; capital markets; merger and acquisition
Value: $487 million for the acquisition, $281 million for the capital raise.
Key players: The Kain Lawyers team was co-led by James Burchnall and Alyce Ricciardi with support from Travis Cordingley, Navar Amici and Nicholas Cardone.
Deal significance: This transaction, Kain said in a statement, “marks Kelsian Group Limited’s entry into the US market through an established operator, and further diversifies Kelsian Group Limited’s multi-modal operations across four countries”.
In a market announcement, Kelsian chief executive Clint Feuerherdt said: “We are thrilled to bring AAAHI into Kelsian’s global platform.
“AAAHI has an excellent reputation and a track record of delivering high-quality contract and charter services.
“The combination of Kelsian’s expertise, and AAAHI’s reputation and scale, provides a solid foundation for our entry into the USA market, where we anticipate strong macro tailwinds.”
In a LinkedIn post, Piper Alderman wrote: “It was a pleasure to work alongside the Gresham Partners team to support Kelsian Group Limited as debt advisers on the $487 million transaction.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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