Thomson Geer advises key shareholder in consortium's A$1b acquisition of Freight Management Holdings

Thomson Geer has advised a key shareholder in a Pacific Equity Partners-led consortium that acquired Australian diversified logistics conglomerate Freight Management Holdings (FMH) from Singapore Post for A$1 billion.

Thomson Geer acted for Damian Degenhardt in the sale process and advised on shareholder negotiations.  Mr Degenhardt was the founder of FMH's fourth party logistics (4PL) arm, efm Logistics, and built the company into one of the largest 4PLs in the Australia-New Zealand region.

Thomson Geer advised Mr Degenhardt and other FMH shareholders during the company's progressive acquisition by SingPost over several years from 2020.

The Thomson Geer team was led by Partner David Schiavello who said: "We were pleased to be able to work with Damian again on this deal that sees him return to FMH. He knows the business intimately and, with the new owners, will no doubt continue to drive its long term success."

David was supported by Senior Associate Dan Kerr.

Former Toll Holdings Managing Director Paul Little AO is also part of the consortium acquiring FMH, and joins the company as Chairman.

FMH Group is a diversified logistics holding company with interests across transportation, warehousing, technology and fourth-party logistics. Its market-leading proprietary technology underpins the Group’s ability to deliver smart, efficient supply chain solutions to its customers.

Pacific Equity Partners is one of Australia's largest private equity firms.

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