CMS advises InterBulk Group on its acquisition by Den Hartogh

CMS Scotland has advised intermodal logistics supplier InterBulk Group PLC (AIM Listed) on its recommended cash acquisition by Den Hartogh Holding B.V. (Netherlands).

The acquisition, announced to the London Stock Exchange, is to be implemented by way of a scheme of arrangement under Part 26 of the Companies Act 2006 and is subject to merger control clearances in several countries. Once completed, the acquisition will create a major international player in the intermodal bulk transport market.

Scott Cunningham group finance director of InterBulk said: “I would like to thank Graeme and the CMS team for their superb professional work. We have been extremely impressed by and are grateful for, CMS’ advice and dedication.

“This is a very complex transaction and at all times CMS have provided us with sound strategic and timely advice. Excellent job - and although I know the CMS team are well used to these things, the effort and commitment on a 24/7 basis were also outstanding”.

The CMS team was led by corporate partner Graeme Bruce, with assistance from senior associate Jack Letson and a wealth of CMS lawyers and staff from CMS offices in Glasgow, Aberdeen, London, Edinburgh, Amsterdam, Frankfurt and Moscow.

InterBulk has been a long standing client of CMS and this transaction follows on from the innovative cash-box placing completed by the same team in 201‎1.

Mr Bruce said: “I am delighted that InterBulk has announced the proposed acquisition by Den Hartogh, particularly as it represented InterBulk’s preferred strategy to realise the investment of its shareholders.

“We wish the team well in the future. From a CMS perspective, the transaction further demonstrates the public takeover and M&A expertise that the firm has here in Glasgow.”