Login
Acquisition creates ‘largest’ freight company in the world
A Melbourne law firm has advised a US-based global provider of specialised, expedited transportation and logistics services on its sale to MNX Global Logistics.
Emma Musgrave
Firms: KCL Law (Logical Freight Solutions); Undisclosed (MNX Global Logistics)
Value: Undisclosed
Area: M&A
Key players: The legal team advising LFS was led by KCL Law special counsel Roger Rothfield, with assistance from principal lawyer Darren Brown and commercial lawyer Girish Rao.
Deal significance: LFS is a US-based global provider of specialised, expedited transportation and logistics services.
According to a statement from KCL Law, the acquisition of the company by MNX makes MNX the largest life science logistics and freight company in the world.
Commenting on the significance of the transaction, KCL Law special counsel Roger Rothfield said: “We congratulate our client LFS on the sale of their business, which was established in Australia over 21 years ago”.
“Due to the complexity of the transaction, the success was substantially driven by the co-operation of all the parties but in particular due to the unwavering dedication to detail by a number of our commercial team members,” he said.
LFS CEO Steve Cheetham thanked KCL Law for the work in this transaction.
“As an international logistics company operating in multiple offshore jurisdictions the sale of Logical Freight Solutions was always going to be a legal mine field. Foreign currencies and investment boards, overseas legal counsel and multilingual contracts were just some of the issues that needed to be attended to,” Mr Cheetham said.
“Having dealt with KCL Law (formerly Kligers) for many years we were always confident in their abilities, however Roger and his team, specifically Darren and Girish, not only achieved the result we were looking for, but helped us navigate many obstacles that could easily have stopped this deal in its tracks.
“By closure, and on reflection, we would not have walked away with a result as beneficial as we did without their expert guidance, and we could not have been happier with the outcome.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
Email Emma on:
