Uber Freight’s $2.25 Billion Acquisition of Transplace

Kirkland & Ellis advised TPG Capital and Transplace on the deal.

Uber Freight signed its agreement to acquire Transplace for approximately $2.25 billion, from TPG Capital, the private equity platform of alternative asset firm TPG. The transaction will create one of the leading logistics technology platforms, with one of the largest and most comprehensive managed transportation and logistics networks in the world. The transaction is subject to regulatory approval and other customary closing conditions.

Uber Freight is a logistics platform built on the power of Uber with the goal to reshape global logistics and deliver reliability, flexibility and transparency for shippers and carriers. Since launching in 2017, Uber Freight has built one of the world’s largest digitally-enabled carrier networks and transformed entrenched practices around pricing and booking freight to reduce inefficiencies and increase opportunities for business growth and industry collaboration.

Transplace powers one of the largest managed transportation and logistics networks in the world. Its tech-enabled services and solutions platform are backed by the combination of innovative technology and a dedicated team of domain experts, engineers and data scientists. 

The Kirkland team was led by corporate partners Maggie Flores (Picture) and Michael Weisser and associate Thuy Huynh, antitrust partners Matt Reilly and Stephanie Greco, capital markets partners Sharon Freiman and Sophia Hudson, and tax partners Jared Rusman and William Dong.   

Involved fees earner: William Dong – Kirkland & Ellis; Maggie Flores – Kirkland & Ellis; Sharon Freiman – Kirkland & Ellis; Stephanie Greco – Kirkland & Ellis; Sophia Hudson – Kirkland & Ellis; Thuy Huynh – Kirkland & Ellis; Matthew Reilly – Kirkland & Ellis; Jared Rusman – Kirkland & Ellis; Michael Weisser – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: TPG Capital; Transplace;

Author: Martina Bellini