NORTON WHITE PROUD TO HAVE ASSISTED SINGAPORE POST WITH INITIAL ACQUISITION
Norton White congratulates its client, Singapore Post Limited, on the successful acquisition of a further stake in Freight Management Holdings Pty Ltd for A$110m. The acquisition, which completed at the end of November, raises SingPost’s interests in FMH to 51%. FMH is a leading Australian 4th party logistics (4PL) service company.
FMH is an asset-light, technology-driven ‘control tower’ business, providing integrated supply chain and distribution solutions under a tradename ‘efm’ to over 500 businesses across Australia.
Norton White is proud to have assisted Singapore Post with its initial acquisition in FMH in 2020 and its further investment this year. FMH, as a subsidiary of SingPost, is helping the Group realise its vision of Australia becoming SingPost’s second home market, capitalising on the accelerated growth in eCommerce in Australia.
The Norton White transaction team was led by Adam Martin.
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