December 13, 2021

Willkie advised CMA CGM in a major logistics deal valued at $3 billion.

On December 8, it was announced that CMA CGM Group, a world leader in shipping and logistics, and global technology and supply chain services provider Ingram Micro signed a Share and Asset Purchase Agreement for CMA CGM to acquire most of Ingram Micro’s Commerce & Lifecycle Services (CLS) activities. Ingram Micro will retain the remaining portions of the existing CLS business. The enterprise value of the transaction is $3 billion.

The Ingram Micro CLS business being acquired specializes in eCommerce contract logistics and omni-channel fulfillment, including Shipwire and the company’s technology forward logistics businesses in North America, Europe, Latin America and Asia-Pacific. The acquisition is expected to significantly enhance CMA CGM’s end-to-end eCommerce services and supply chain capabilities, making CMA CGM subsidiary CEVA Logistics the fourth-largest global contract logistics provider.

Willkie recently represented CMA CGM on its acquisition of a 90% stake in the Fenix Marine Services terminal in Los Angeles, based on an enterprise value of $2.3 billion. Already holding a 10% stake in the terminal, CMA CGM will be sole owner of the facility following the transaction.

The Willkie team was led by senior counsel Daniel Hurstel, partners Gabriel Flandin, Adam Turteltaub and Erik Lindemann, and associate Donald Casey.