Trimble €1.88 billion Transporeon acquisition financing
We are advising the lead arranger and bookrunner on the acquisition financing
Davis Polk is advising the sole lead arranger and the sole bookrunner in connection with a €1.88 billion unsecured bridge loan facility for Trimble Inc. The proceeds of the facility will be used for the acquisition of TP Group Holding GmbH and Sixfold GmbH, which own Transporeon GmbH.
Trimble Inc. is a U.S.-based software, hardware and services technology company. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability.
Transporeon is a transportation management platform for shippers, forwarders, carriers and retailers to move, manage and monitor freight around the world. Transporeon provides cloud-based transportation sourcing and management platforms that service the most experienced network of shippers, suppliers, retailers, goods recipients and carriers in the world. Transporeon’s cloud-based logistics planning software and transport management software provide unmatched opportunities to reduce the number of empty trucks, improve transparency, cut waiting times and enable efficient, digital end-to-end processes.
The Davis Polk finance team includes partner Jason Kyrwood and associate Esam Ibrahim. The capital markets team includes partner Dan Gibbons, associate Jonathan I. Stempel. The intellectual property and technology transactions team includes partner David R. Bauer. The tax team includes partner Patrick E. Sigmon and associate Benjamin Helfgott. The executive compensation team includes partner Adam Kaminsky. The environmental team includes counsel Michael Comstock. Members of the Davis Polk team are based in the New York and Washington DC offices.