CVC-led consortium combines WorldWide Express and GlobalTranz
CVC saw the potential in logistics, but wanted more than a simple investment.
When CVC Capital Partners wanted to make a significant investment in the logistics sector, it thought big. WorldWide Express and GlobalTranz were leading non-asset providers of technology-driven logistics solutions in the United States. CVC saw the complementary strengths of each business, and led a consortium that simultaneously acquired and combined both companies. Even for one of the world’s largest and most innovative private equity investors, a deal with this much complexity, completed in a short time- frame, required extraordinary focus and prowess. “Only a handful of sponsors in the world can pull together these types of transactions,” says partner Gareth Clark. “On legal strategy, CVC needed an around-the-clock team that possessed execution know-how and a creative and pragmatic approach to the multitude of complex issues raised by the deal.” Leading a consortium that successfully completed a two-in-one acquisition and combination required flawless implementation on the part of CVC. As partner Jon Kim explains, “in addition to negotiating multiple investments and consortium arrangements, the combination had to be seamless, and those structuring and equity arrangements needed to be optimal – not just at closing, but also for all possible exit scenarios.”
In today’s scorching hot private equity market, creativity is king. With unprecedented levels of dry powder, record deal activity, and intense competition, dealmakers need to innovate to stay ahead of the curve. The 2022 Global Private Equity Outlook , an annual report co-published by Dechert and Mergermarket, discusses how Private Equity’s hot streak will fare going into 2022, what headwinds managers may need to navigate, and what strategies they can employ to succeed in the sector’s most active period ever.
2022 Global Private Equity Outlook
Dechert partners Markus Bolsinger, Siew Kam Boon and Chris Field (left to right), co-authors of the report.
Private equity, back in business “Following a lull in private equity activity in early 2020, we are now seeing deals at a level we haven’t seen for more than a decade,” says corporate partner Derek Winokur. “We expect this growth to continue into 2022.” The boom in private equity activity comes with a fresh set of challenges for investors who need to stay ahead of the curve in this fast-moving industry. In the first half of the year, Dechert was ranked by Mergermarket at number seven for buyouts by deal value globally and number three in the U.S., with some transactions setting new
standards in the most exciting and innovative industries, including asset management, fintech, life sciences and healthcare, technology and other highly regulated industries. into business solutions for all our private equity clients.” Derek Winokur Partner “ Our aim is to transform legal issues
6
Powered by FlippingBook