Transportation

We represent a wide cross-section of the transportation industry, including passenger and freight rail, passenger and freight shipping lines, trucking companies, limousine fleets, highway service operators, and private equity funds and other investors in the industry.

We represent a wide cross-section of the transportation industry, including passenger and freight rail, passenger and freight shipping lines, trucking companies, limousine fleets, highway service operators, and private equity funds and other investors in the industry.

Capital Markets

  •  TUI AG: Represented TUI, the German multinational travel and tourism company, on its convertible bond issue, placed by HVB, Citi and Deutsche Bank.

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Mergers & Acquisitions, PE & VC Investments, Joint Ventures and Other Business Combinations

  • Alpega Group/wtransnet: Represented Alpega Group, a leading global logistics software company based in Belgium, in its acquisition of wtransnet, the leading freight exchange in Spain and Portugal.

    American Railcar Industries/ITE Management/Greenbrier Companies: Represented leading railcar manufacturer American Railcar Industries, Inc. in the $430 million sale of its manufacturing business to Greenbrier Companies, Inc. by ITE Management L.P.

    CAF/Solaris Bus & Coach: Represented sellers and Solaris Bus & Coach, a European manufacturer of public transportation vehicles, in its acquisition by multinational transportation group CAF.

    Captain Train/Trainline: Represented Captain Train in its acquisition by KKR portfolio company Trainline, combining the #1 independent rail ticket retailers in the UK and Continental Europe.

    Carrix/Blackstone Infrastructure: Represented Carrix, the largest privately held marine container terminal operator in the world, in a growth-oriented investment by funds affiliated with Blackstone Infrastructure Partners. 

    Castik Capital/inet, GmbH Austria: Represented Castik Capital in the acquisition (by funds advised by Castik Capital) of a majority stake in inet, GmbH Austria, an SaaS provider of transportation management systems, from the international transportation and logistics company Gebrüder Weiss.

    Castik Capital/Transport Services Unit of Wolters Kluwer: Represented Castik Capital in its acquisition of the Brussels-based transport services unit of Wolters Kluwer, a leading player in transportation management software and freight exchange solutions.

    CMA CGM/CEVA Logistics: Represented CMA CGM in its successful friendly tender offer to acquire of CEVA Logistics, a global logistics group listed on the Zurich Stock Exchange (SIX).

    CMA CGM/CEVA Logistics: Represented CMA CGM in its agreement to acquire a 25% stake in CEVA Logistics AG, a global leading player in the logistics sector, reinforcing its presence in the logistics sector.

    CMA CGM/EQT Infrastructure III/APL Limited: Represented CMA CGM in the sale to the EQT Infrastructure III fund of a 90 percent stake in APL Limited, whose wholly owned subsidiary, Eagle Marine Services, Ltd., operates Global Gateway South, a leading container terminal in the Port of Los Angeles.

    CMA CGM/Mercosul Line: Represented CMA CGM in its acquisition of Mercosul Line from Maersk Line.

    Encompass/Surf Air: Represented Encompass Aviation in its sublease of all 12 of Surf Air’s PC-12NG aircraft and assumption of the company’s aircraft operations and management in California.

    GSM Maritime Holdings/Logistec Corporation: Represented GSM Maritime Holdings, LLC, a portfolio company of client The CapStreet Group, in GSM’s sale to Logistec Corporation.

    ITT Corporation/Axtone Group: Represented ITT Corporation in the approximately $118 million acquisition of Axtone Group.

    Kansas City Southern/Canadian National Railway/BofA Securities and Morgan Stanley: Represented BofA Securities and Morgan Stanley & Co. LLC, as financial advisors to Kansas City Southern, in connection with KCS’s $33.6 billion combination with Canadian National Railway.  

    Kansas City Southern/Canadian Pacific Railway Limited/BofA Securities and Morgan Stanley: We represented BofA Securities and Morgan Stanley & Co. LLC, as financial advisors to Kansas City Southern, in connection with KCS’s $29 billion combination with Canadian Pacific Railway Limited.

    Oaktree Capital/Groupe SAF: Represented Oaktree Capital in its agreement to acquire a significant minority stake in Groupe SAF, a major provider of helicopter services.

    PAI Partners/WFCI: Advised PAI Partners in its acquisition, alongside Baring Private Equity Asia, of World Freight Company International, the global leader in the General Sales and Service Agent market, from Greenbriar Equity Group.

    Raben Group/Wincanton plc: Represented the Raben Group in the acquisition of the pan-European road transportation business from Wincanton plc.

    Ryder TRS/Budget Group: Represented Ryder, the second largest consumer truck rental company in the United States, in its acquisition by Budget.

    The CapStreet Group/PCS Software: Represented CapStreet in its majority recapitalization of PCS Software, Inc., a provider of transportation management software for the inland trucking industry.

    The Sterling Group/Frontline Road Safety/Stripe-A-Zone: Represented The Sterling Group in its establishment of Frontline Road Safety, a new platform formed to build a national leader in the U.S. road safety industry, and the completion of the acquisition of Stripe-A-Zone, Inc. as the first member of the Frontline family of companies.

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Other Significant Matters

  • CMA CGM: Represented CMA CGM in several antitrust investigations before the European Commission and national antitrust authorities.

    STX France: Advised STX France in connection with the shipbuilding contracts and construction financing of three LNG-fuelled cruise ships ordered by MSC Cruises. 

    Tours-Bordeaux SEA high-speed line: Advised the commercial lenders and institutional investors on the €2.2 billion refinancing of a portion of the Tours-Bordeaux SEA high-speed line concessionaire’s (LISEA) debt – the largest refinancing of an infrastructure project in France.

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