Media release: KCL Law acts for Logical Freight Solutions in its sale to MNX Global LogisticsNov 23, 2017
KCL Law acted for Logical Freight Solutions (LFS) in the sale of its world-wide group of companies to MNX Global Logistics (MNX) – a US-based premium global provider of specialised, expedited transportation and logistics services. The acquisition makes MNX the largest life science logistics and freight company in the world.
Roger Rothfield, Special Counsel, led KCL Law’s team comprising principal lawyer, Darren Brown, and commercial lawyer, Girish Rao, in the extraordinarily complex commercial transaction, which involved five law firms around the world with simultaneous settlements taking place on four continents.
LFS is a dedicated logistics provider to the healthcare industry, with specific focus on the life sciences and biotechnology sectors. While founded in Melbourne in 1994, LFS have established offices throughout Australia, New Zealand, Asia and the US.
LFS CEO Steve Cheetham said, “As an international logistics company operating in multiple offshore jurisdictions the sale of Logical Freight Solutions was always going to be a legal mine field. Foreign currencies and investment boards, overseas legal counsel and multilingual contracts were just some of the issues that needed to be attended to.
“Having dealt with KCL Law (formerly Kligers) for many years we were always confident in their abilities, however Roger and his team, specifically Darren and Girish, not only achieved the result we were looking for, but helped us navigate many obstacles that could easily have stopped this deal in its tracks.
“By closure, and on reflection, we would not have walked away with a result as beneficial as we did without their expert guidance, and we could not have been happier with the outcome.”
Roger commented on the transaction, “We congratulate our client LFS on the sale of their business, which was established in Australia over 21 years ago.
“Due to the complexity of the transaction, the success was substantially driven by the cooperation of all the parties but in particular due to the unwavering dedication to detail by a number of our commercial team members.”
For more information, or to arrange an interview, please contact Stuart Giles, Business Development & Marketing Manager, firstname.lastname@example.org or (03) 8600 8822.