Greenbriar Equity Group LLC signed an agreement to acquire an unknown stake in World Freight Company from ACG Capital, Groupe IDI Mezzanine, FCPR, fund of IDI, 3i Growth Capital Fund, backed by 3i Group plc, and others for 130 million.
February 01, 2015 at 11:00 pm EST
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Greenbriar Equity Group LLC signed an agreement to acquire an unknown stake in World Freight Company from ACG Capital, Groupe IDI Mezzanine, FCPR, fund of IDI (ENXTPA:IDIP), 3i Growth Capital Fund, backed by 3i Group plc (LSE:III), and others for 130 million on February 2, 2015. Ares Management Limited and funds managed or advised by Ares Management and Avenue Capital Group provided financing for the acquisition. The financing implemented is a private unirate-type bond financing totaling 147 million.
For 2014, World Freight Company reported revenues of 1 billion. Arnaud Fromion Frédéric Guilloux, Nathalie Barzilai and Laurent Bonnet of Shearman & Sterling LLP and Stéphane Braun, Cyril d'Herbes, Charline Lesniarek and Nam Nguyen-Groza of MNKS acted as legal advisors for Ares Management and Avenue Capital. Jean Beauchataud, Gautier Elies, Doriane Salimon, Cassandre Porgès, Yaëlle Cohen and Lorène Sani of Weil, Gotshal & Manges LLP, Paris acted as legal advisors to World Freight Company. Ira Wolfson, Jonathan Wober of Rothschild acted as the financial advisor for Greenbriar Equity. Ernst & Young acted as accountant for 3i Group, ACG Capital and Groupe IDI.
3i Group plc is one of Europe's largest capital investment companies. At the end of March 2023, the group's portfolio had a market value of GBP 18.4 billion, broken down by type of operation as follows:
- private equity (89.1%): investments in medium-sized enterprises, operating in the business and technology services, industry, health and consumer goods sectors, located primarily in Europe and North America. The group also manages funds on behalf of third parties;
- investment in infrastructure assets (7.6%): activity insured primarily in Europe;
- other (3.3%).
The portfolio in value breaks down by type of participation between unlisted companies (94.8%) and listed companies (5.2%).
Greenbriar Equity Group LLC signed an agreement to acquire an unknown stake in World Freight Company from ACG Capital, Groupe IDI Mezzanine, FCPR, fund of IDI, 3i Growth Capital Fund, backed by 3i Group plc, and others for €130 million.