The firm’s team consisted of lawyers from Sydney, Milan and Hong Kong
K&L Gates has put together a global team to advise VISA Global Logistics’ shareholders on its merger with Mondiale Freight Services.
Under the terms of the deal, VISA Global Logistics’ shares have been purchased by New Zealand-based Milan FF Group Limited. The new company has been christened Mondiale VGL.
“This transaction is the next step in the VISA journey and we are excited about the opportunities ahead,” executive director Simon Hardwidge said.
Mondiale VGL’s approximately $1.2bn revenue secures for the company a place among the top 30 global ocean freight forwarders.
Hardwidge praised the team at K&L Gates for their guidance throughout the complex transaction.
“The K&L Gates team, through their Sydney, Milan and Hong Kong offices, worked seamlessly with us and our third-party advisers to successfully complete this transaction involving corporate, real property, IP and finance issues in particular,” he said.
Sydney corporate partner Clive Cachia was at the helm of the global team. He received support from senior associate Priscilla Ng and lawyer Harriet Alexander.
“We are extremely proud to have been able to assist the owners of the VISA Global Logistics business in this important and market-developing transaction. We wish all the team at Mondiale VGL all the very best as they service this rapidly growing market,” Cachia said.
VISA Global Logistics was assisted by Greenstone Partners while Mondiale tapped KPMG as its advisor. Milan FF Group itself was birthed from Mondiale Freight Services’ merger with Direct Capital.