Thomson Geer has advised the shareholders of Victorian based Freight Management Holdings Pty Ltd (FMH), a leading 4PL logistics business more commonly known as efm Logistics Services, on a transaction that will see Singapore Post Limited (SingPost) become a 38% shareholder in FMH for A$85m.

Completion of the sale and purchase and placement of an initial 28% stake in FMH to SingPost took place on 31 December 2020.

efm Logistics Services provides integrated supply chain and distribution solutions to over 500 businesses across Australia through a 4PL technology platform. FMH 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 transaction is significant for the shareholders of FMH as SingPost’s investment will assist FMH’s long term growth strategy.

Thomson Geer was heavily involved in all stages of the sale process, including negotiations on the share sale and purchase agreement, shareholders agreement, subscription agreement and completion preparation.

The Thomson Geer team consisted of partner David Schiavello and lawyer Taylor Kayes, supported by partner Jeffrey Chang, partner Mark Branagan and associate Matt Persico.

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