IFLR1000

DSV €1.3 billion acquisition of UTi Worldwide

8/10/2015
Public acquisition
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€ 1.3 billion

$ 1.370 billion

Completed

8/10/2015

Overview:

  • Denmark-based DSV acquired US-based UTi Worldwide, an international supply chain and logistics company, for €1.3 billion. 
  • Danske Bank, ING and Nordea served as the financing banks for the deal.
  • Morgan Stanley & Co acted as financial adviser to UTi Worldwide while DSV was advised by Rothschild.

Rani Mehta - Journalist 

 

Jurisdictions:

United States
Denmark
United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Denmark

Industry sector:

Logistics

Firms:
Allen & Overy

Party: Danske Bank (Lender)

Party: ING (Lender)

Party: Nordea (Lender)

Conyers Dill & Pearman

Party: DSV (Acquirer)

Cravath Swaine & Moore

Party: UTi Worldwide (Target)

Lawyer: Robert Townsend III

Lundgrens

Party: DSV (Borrower)

Moalem Weitemeyer

Party: DSV (Acquirer)

Lawyer: Dan Moalem

Skadden Arps Slate Meagher & Flom

Party: DSV (Acquirer)

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