Tokyo: LawFuel.com – Legal Newswire Service – Leading international law firm Clifford Chance has advised the Toll Group on the A$95 million acquisition of Japanese freight and logistics company Footwork Express.
Headquartered in Melbourne, the Toll Group is Asia’s leading provider of integrated logistics, and the acquisition of Footwork Express – one of Japan’s largest logistics companies – gives Toll a significant presence in the Japanese market.
“This is the fourth Asian acquisition on which we have advised Toll since 2006, and we are delighted to have helped them to expand their operations in Japan,” said Paul O’Regan, who leads Clifford Chance’s M&A practice in Tokyo.
“This deal demonstrates the growing momentum that we are seeing in the intra-Asia M&A market, as well-resourced companies resume strategic acquisitions post-credit crunch.”
Paul led the team advising the Toll Group, assisted by partner Tatsuhiko Kamiyama and senior associate Tracy Whiriskey. All are based in Tokyo.