Morrisons advise on major logistics company sale

Done Deals - 30/11/2018

Morrisons' Corporate team have successfully advised on the complex share sale of ConneXion World Cargo Limited.

This week Morrisons' Corporate team completed the sale of ConneXion World Cargo Limited, a multinational freight forwarding and logistics company.

ConneXion World Cargo Limited was sold to AIT Worldwide Logistics Inc., a global transportation and logistics organisation. ConneXion has been a well established freight forwarder since 1979 and has offices in the UK, France, Canada and Hong Kong.

AIT President and CEO Vaughn Moore said, "AIT is thrilled to expand our operations in Europe with the acquisition of ConneXion World Cargo. We welcome our new ConneXion colleagues in Asia, Europe and North America to our global team and we look forward to supporting ConneXion’s loyal customers."

Our team, led by Corporate Partner John Andrews, successfully lead an intensive disclosure process and entered into complex negotiations with a top 50 city law firm on over 10 shareholders' behalf throughout the process to close the deal in a short time frame.

Client name ConneXion World Cargo Limited
Related sector Logistics
Deal type Share sale
Our role Acted for sellers
Deal size Undisclosed
Completion date 30/11/2018
Lead Partner John Andrews
Other team members Joel Gocool
Other parties and advisors Spectrum Corporate Finance

Other deal highlights

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