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Closing: Sale of Cargo-Partner Subsidiaries to Nippon Express Now Closed

Closing: Sale of Cargo-Partner Subsidiaries to Nippon Express Now Closed

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On January 4, 2024, Boyanov & Co announced that the EUR 1.4 billion sale of Cargo-Partner subsidiaries to Nippon Express (reported by CEE Legal Matters on May 17, 2023) had closed.

According to Boyanov & Co, "this acquisition strengthens Nippon Express’s global logistics network, which spans over 739 locations. Cargo-Partner, headquartered in Austria, has a significant presence in Central and Eastern Europe and offers diverse logistics services, including air and ocean freight forwarding."

The transaction involved the EUR 1.4 billion sale of Cargo-Partner GmbH and 60 other Cargo-Partner subsidiaries to Nippon Express Holdings.

As previously reported, Schoenherr, working with Luther and Hogan Lovells, advised the Cargo-Partner Group Holding. Freshfields Bruckhaus Deringer, Nestor Nestor Diculescu Kingston Petersen, the Polenak Law Firm, Selih & Partnerji, and Boyanov & Co advised Nippon Express.

Founded in 1983, Cargo-Partner is an Austria-headquartered privately owned info-logistics provider offering a portfolio of air, sea, land transport, and warehousing services, with a special focus on information technology and supply chain optimization.

Nippon Express is a Japan-based logistics services provider, with a network of offices in 33 countries. The company offers air freight, marine transportation, heavy haulage, warehousing and distribution processing, logistics design, information technology services, chartered truck services, and moving services.

The Schoenherr team was led by Austria-based Partner Markus Piuk and Attorney-at-Law Alfred Amann and included Partners Constantin Benes and Marco Thorbauer, Attorneys-at-Law Franziska Oczlon, Anna Visontai, Nina Zafoschnig, and Alexander Pabst, and Associates Alexandra Jelinek and Irina Hanin; Hungary-based Partner Kinga Hetenyi and Associate Zsofia Rideg; Czech Republic-based Partner Vladimir Cizek and Attorney-at-Law Michal Jendzelovsky; Poland-based Senior Attorney-at-Law Krzysztof Lesniak; Romania-based Senior Attorney-at-Law Mihaela Popescu; Slovakia-based Attorney-at-Law Jan Farbiak; Turkey-based Attorney-at-Law Didem Kara; and Slovenia-based Attorney-at-Law Jan Primozic.

The Freshfields team was led by Vienna-based Partner Konrad Groeller and included Partners Florian Klimscha, Karin Buzanich-Sommeregger, and Catherine Kubik, Counsel Gernot Fritz, Principal Associates Stephan Roedler, Leonhard Prasser, Matthias Hofer, and Anna Binder-Gutwinski, Associates Martin Zankl, Patrick Wagender, Anastasiia Nadtochii, Willibald Salomon, Sophie Pretscher, Iris Amschl, and Can-Michael Nural, as well as lawyers from the firm’s Tokyo and Hong Kong offices.

The NNDKP team included Partner Razvan Vlad, Senior Associates Vlad Anghel, Roxana Iordache, Madalina Vasile, and Daniel Stancescu, and Associate Catalina Dan.

The Polenak team included Managing Partner Kristijan Polenak and Partner Tatjana Shishkovska.

The Selih & Partnerji team included Partner Natasa Pipan Nahtigal, Attorneys-at-Law Nino Bostic Sluga and Ema Patricija Koncan, Senior Associates Lenart Kmetic and Miha Hocevar, and Associates Tim Music Kralj and Marusa Juhant.

The Boyanov & Co team included Partner Nikolay Zisov and Associate Deyvid Iliev.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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