Paul, Weiss, Rifkind, Wharton & Garrison advised D1 Capital in the deal.
D1 Capital executed its investment, alongside Abu Dhabi Growth Fund and GCM Grosvenor, in Uber Freight, a subsidiary of Uber Technologies, Inc. and one of the world’s largest digitally-enabled carrier networks.
The combined $550 million investment provided partial financing for Uber Freight’s $2.25 billion all-cash acquisition of Transplace, a leading logistics technology platform, from TPG Capital.
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.
D1 Capital Partners L.P. is a global investment firm that deploys capital in both public and private markets.
The Paul, Weiss team included corporate partners Ted Ackerman (Picture) and Raphael Russo; tax partner David Mayo; and antitrust counsel Yuni Sobel.
Involved fees earner: Edward Ackerman – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; Raphael Russo – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison;
Law Firms: Paul Weiss Rifkind Wharton & Garrison;
Clients: D1 Capital Partners;