Deloitte & Touche Corporate Finance Advises Global Logistics Company
Highlights Deloitte & Touche Corporate Finance’s experience in executing
Deloitte & Touche Corporate Finance LLC (DTCF) is pleased to announce its role as the exclusive financial advisor to Spring Global Mail (Spring), a joint venture company of TNT N.V. (TNT), Royal Mail Group PLC (Royal Mail) and Singapore Post Limited (Singapore Post), in connection with the sale of Spring’s customer contracts and limited capital assets in the United States to an undisclosed strategic buyer.
The transaction illustrates DTCF’s ability to execute complex carve-out transactions on a global basis working with the corporate finance professionals of the Deloitte Touche Tohmatsu (DTT) member firms and their affiliates around the world. Wilten Smit and Derk Helleman, corporate finance professionals of the DTT member firm in the Netherlands, introduced DTCF to the transaction opportunity due to their strong relationship with Spring shareholder TNT. The deal highlights DTCF’s coverage of the global logistics sector and credentials in completing cross-border middle-market transactions.
About Spring, TNT, Royal Mail and Singapore Post
Headquartered in Amsterdam, Spring is a joint venture company formed in 2001 by three international postal organizations. Spring provides solutions for all types of businesses sending international mail.
Based in Hoofddorp, Netherlands, TNT (ENXTAM: TNT) provides mail and express delivery services worldwide. Its services include collecting and distributing domestic and international mail.
Royal Mail engages in mail, post office and parcels businesses in the UK. Headquartered in London, United Kingdom, it provides nationwide and international distribution services of mail and parcels.
Singapore Post (SGX: SO8) provides postal and logistics services in Singapore and internationally. Based in Singapore, Singapore Post offers logistics business solutions and a range of postal, agency and financial services through its retail distribution network.