Meysan Partners advised Agility Public Warehousing Company KSCP (“Agility”) on the completion of the sale of its Global Integrated Logistics (“GIL”) business to DSV Panalpina A/S, one of the largest private M&A deals in the region this year.
The all-shares transaction gives Agility 19,304,348 DSV shares upon completion of the deal, representing approximately 8% of all post-transaction shares of DSV. This makes Agility the second largest DSV shareholder based on today’s shareholder register.
The enterprise value of the transaction is USD 4.775 billion, and the equity value is USD 4.675 billion. With the acquisition of GIL, DSV becomes a global top-three player in the freight forwarding industry with an expected combined revenue of roughly $26 billion and 75,000 employees worldwide.
Meysan team was led by partners Bader El-Jeaan and Tarek Yehya with support from associates Abdulwahab Sadeq and Ameena Almutawa. The team has been advising on all legal aspects of the transaction, together with Latham & Watkins LLP, led by M&A partner, Michael Bond. The transaction entails both private M&A aspects in Kuwait, as well as public capital markets aspects in Kuwait, and public M&A processes in Denmark, as DSV Panalpina is listed on the Copenhagen Stock Exchange.
Meysan Secures Overwhelming Victory for Clients in Cayman Islands
Meysan Partners acted as international legal counsel to group of investors in proceedings that resulted in a landmark ruling delivered on 16 June 2020 by the Grand Court of the Cayman Islands
For press or media related enquiries, please contact:
Meysan Partners regularly produces e-updates on legal developments which might impact your organisation. For more information or to subscribe, please email firstname.lastname@example.org.
Enter your details and set your subscription references: