CMA CGM’s Friendly Public Tender Offer to Acquire CEVA Logistics

Willkie and Lenz & Staehelin advised CMA CGM on the deal

CMA CGM, a leading global transport and logistics group, recently announced its successful friendly tender offer to acquire of CEVA Logistics, a global logistics group listed on the Zurich Stock Exchange (SIX). The transaction follows CMA CGM’s cornerstone investment in CEVA Logistics made at the time of CEVA’s initial public offering, as well as the progressive strengthening of the business relationship of the two parties.

With CEVA, CMA CGM is implementing an ambitious transformation plan to serve customers with world-class logistics services. CMA CGM expressed its intent to delist CEVA Logistics from the Zurich Stock Exchange.

The combination confirms CMA CGM’s position as a global leader in the transport and logistics sectors. Operating in 160 countries, the company has 110,000 employees and generates a turnover of more than $30 billion.

The transaction entailed merger control filings with the competition authorities of more than a dozen jurisdictions, including the European Union, the United States and China.

The multidisciplinary, cross-border Willkie deal team was led by partner Daniel Hurstel (Picture) and included partner Gabriel Flandin, national partner Brice Pommiès, and special European counsel David Lambert and Igor Kukhta.

Lenz & Staehelin advised CMA CGM in this transaction with a team led by Hans-Jakob Diem (Corporate) and includes Finance Partner Marcel Tranchet and associates Simone Ehrsam and Ann Weibel (both Corporate) and Hannes Kieser (Finance).

Involved fees earner: Hans-Jakob Diem – Lenz & Staehelin; Simone Ehrsam – Lenz & Staehelin; Hannes Kieser – Lenz & Staehelin; Marcel Tranchet – Lenz & Staehelin; Ann Francesca Weibel – Lenz & Staehelin; Gabriel Flandin – Willkie Farr & Gallagher; Daniel Hurstel – Willkie Farr & Gallagher; Igor Kukhta – Willkie Farr & Gallagher; David Lambert – Willkie Farr & Gallagher; Brice Pommiès – Willkie Farr & Gallagher;

Law Firms: Lenz & Staehelin; Willkie Farr & Gallagher;

Clients: CMA CGM S.A.;