Freight Management Holdings sells further stake in company to SingPost
Thomson Geer has advised the shareholders of Victoria-based Freight Management Holdings Pty Ltd (FMH), a leading 4th party logistics (4PL)provider, on a transaction that has seen Singapore Post Limited (SingPost) increase its holding in the company from 51 per cent to 88 per cent for A$175.4 million.
Thomson Geer advised on all stages of the sale process, including negotiations on the share sale and purchase agreement and shareholders agreement. The firm also advised FMH shareholders when SingPost acquired a 28 per cent share of the company for A$85 million in 2020 and an additional 23 per cent share of the company for A$112 million in 2021.
FMH provides integrated supply chain and distribution solutions to over 500 businesses across Australia through a 4PL technology platform. The company has a historical business relationship with the SingPost Group, having been a customer of CouriersPlease, a wholly-owned subsidiary of SingPost, for many years.
The Thomson Geer team was led by Partner David Schiavello who said: "We're pleased to have assisted FMH's shareholders on the latest investment by SingPost in the company. It reinforces the company's position in the market and supports its plans for future growth."
David was supported by Senior Associate Dan Kerr and Law Graduate Carla Tallarida.
%402x.svg){kind=icon}
%402x.svg){kind=icon}
Keep
learning
.svg){kind=icon}
About us
Thomson Geer acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.