News
Freshfields advises Li & Fung and Temasek on their US$3.6bn sale of LF Logistics to A.P. Moller - Maersk
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Li & Fung Limited (‘Li & Fung’), a leading global supply chain solutions provider, and Temasek, Singapore’s sovereign wealth fund, on their sale of LF Logistics Holdings Limited (‘LF Logistics’) to A.P. Moller - Maersk for an enterprise value of US$3.6bn.
The transaction was entered into in December 2021 and closed today (31 August 2022) after receiving all of the requisite regulatory approvals.
LF Logistics, with its Asia-Pacific wide footprint and industry-leading fulfilment capabilities, will play a critical role in advancing Maersk’s strategic intent to support customers’ end-to-end supply chain needs.
The Freshfields team advising on the deal was led by partner and China Chairman Teresa Ko and partner Sarah Su. They were supported by associates Dickson Chan and Lola Wu. Competition advice was provided by partners Hazel Yin and Alastair Mordaunt and associates Charles Tay and Wenting Ge. IP&IT advice was provided by partner Richard Bird and senior associate Tamsin Westley. Tax advice was provided by partner Helen Buchanan, senior associate Chris Gotch and associate Joe Williams.
About Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on us when it matters most.
