Thomson Geer acted for Freight Management Holdings, a leading 4th party logistics (4PL) services whose principal activity is the provision of integrated supply chain an distribution solutions, on a A$112.7 million (estimate) deal that sees SingPost Australia Investments increase its holding in the company to 51% from 28%.
The transaction is significant for the shareholders of FMH as SingPost's investment will assist FMH's long term growth strategy. In connection with the transaction, SingPost has also granted FMH an option to acquire 100% of SingPost's shareholding in the Couriers Please Group, a last-mile parcel delivery nationwide coverage across Australia, which FMH has historically been a longstanding customer of.
The TG people were David Schiavello, Taylor Kayes, Jeffrey Chang