Hogan Lovells advises ID Logistics on the acquisition of Logiters
28 June 2016
Hogan Lovells advises ID Logistics in relation to the signing with the private equity fund Corpfin Capital and some of Logiters' managers of an agreement for ID Logistics to acquire 100% of Logiters, a leading contract logistics operator in Spain and Portugal.
The transaction, which is based on an enterprise value of €85 million and whose closing is expected in the course of summer 2016, remains subject to the approval of Spanish competent regulatory authorities in mergers & acquisition monitoring control.
Logiters manages more than 50 warehouses equivalent to m² 750,000 and employs 3,300 people for total revenues of €250 million in 2015. Thanks to this acquisition, ID Logistics pursues its international growth strategy.
The Hogan Lovells team advising ID Logistics was led by Jean-Marc Franceschi (Partner), assisted by Mathieu Frick (Senior Associate) for the corporate aspects, Michel Quéré (Partner), Sophie Lok (Senior Associate) for the financing aspects, Eric Paroche (Partner), Jean-Sébastien Duprey (Senior Associate) and Flora Oriot (Associate) on the merger control aspects. Alex Dolmans (Corporate Partner), Eduardo Perez (Senior Associate) and Casto Gonzales-Paramo (Anti-trust Partner) from our Madrid office also contributed to this transaction.
A multi-disciplinary team from Garrigues, led by Maria Fernandez-Picazo (Partner) and Jose Luis Ortin (Senior Associate), assisted the vendors.
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