Hidrovias do Brasil S.A. (BOVESPA:HBSA3) acquired South American shipping business of Imperial Logistics Limited from Imperial Mobility International BV, IMPERIAL Logistics International B.V. & Co. KG and Imperial Fleet Services GmbH for approximately $100 million on April 16, 2021. As a part of consideration, $100 million is payable which includes earn-out component comprises 4 annual payments of up to $1.25 million each with each annual payment settled in cash by March 31 of the following year. The agreed maximum enterprise value for the Interest in the South American shipping business of Imperial Logistics Limited is $90 million. As on December 31, 2020, South American shipping business of Imperial Logistics Limited generated net asset of approximately $110 million. As on June 30, 2020, South American shipping business of Imperial Logistics Limited generated revenue of $36 million and EBITDA of $9.4 million. The proceeds of the Transaction will be used to optimise the financial position of Imperial, reducing its overall existing debt in the short-term and will be invested in new growth areas in line with the Group’s strategy in due course. BNP Paribas SA (ENXTPA:BNP) acted as financial and Taylor Wessing acted as legal advisor to Imperial Logistics Limited. Holger Hofmeister, Michael Albrecht, Jan Bauer and Jens Koenig of Skadden, Arps, Slate, Meagher & Flom LLP, Germany and J. Mathias von Bernuth of Skadden, Arps, Slate, Meagher & Flom LLP, Sao Paulo acted as legal advisors to Hidrovias do Brasil S.A. Hidrovias do Brasil S.A. (BOVESPA:HBSA3) completed the acquisition of South American shipping business of Imperial Logistics Limited from Imperial Mobility International BV, IMPERIAL Logistics International B.V. & Co. KG and Imperial Fleet Services GmbH on April 16, 2021.