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.
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.