Project Motion

    Submission Date: 21/12/18
    Completion Date: 30/11/18
    Target: ConneXion World Cargo
    Acquirer: AIT Worldwide Logistics
    Deal Value:
    Supply chain solutions leader AIT Worldwide Logistics announced the expansion of its global footprint with the acquisition of ConneXion World Cargo, a freight forwarder headquartered in London with five additional locations in Asia, Europe and North America. The acquisition fulfills a long-term goal for the company to establish a greater presence in the United Kingdom.
    Funding: Funded by retained cash(AIT is backed by private equity investors Quad-C Management, a firm headquartered in Charlottesville, Virginia)
    Corporate Finance Advisers: (Clive Hatchard & Richard Boyden) Spectrum Corporate Finance
    Legal Advisers: (John Andrews) Morrisons Solicitors
    Financial Due Diligence: PWC (Atlanta & London)
    Commercial Due Diligence: Performed internally with supplementary specialist DD streams