Latham & Watkins Advises CVC Capital Partners on Sale of WWEX Group to Thoma Bravo

Thoma Bravo, the world’s largest technology-focused investment firm, announced that it has entered into a definitive agreement to acquire WWEX Group, a leading third-party logistics (3PL) provider of parcel and freight services with brands including Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics, and BLX Logistics. Thoma Bravo is acquiring WWEX Group from a consortium of investors including CVC Capital Partners Fund VIII, Providence Equity Partners, Ridgemont Equity Partners, and PSG. As part of this transaction, CVC Funds and other existing WWEX Group investors will roll over a portion of their equity in WWEX Group and retain a significant minority position in the combined company.

Latham & Watkins LLP represents CVC Capital Partners and WWEX Group in the transaction with a corporate deal team led by New York partners Paul Kukish, Michael Vardanian, and Matthew Villar, with associates Joseph Maurantonio and Morgan Banaszak. Advice was also provided on finance matters by New York partners Joshua Tinkelman and Kendra Kocovsky, with associate Christina Chaplygina; on tax matters by New York partner Matthew Dewitz; on compensation and benefits matters by New York partners Bradd Williamson and Alisa Hand and New York counsel Rifka Singer, with associate Sanjana Rao; on labor and employment matters by Chicago partner Nineveh Alkhas, with associates Jenny Bobbitt and Alyssa Dantoin; on intellectual property matters by New York partner Jeffrey Tochner, with associate Jamie Eimbinder; on data privacy and cybersecurity matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte; on regulatory matters by Washington, D.C. partner Damara Chambers, with associate Amulya Vadapalli and assistance from Stephen Keith; on US antitrust matters by Washington, D.C. partner David R. Brenneman and New York/Washington, D.C. counsel Jamie Sadler; on ex-US antitrust matters by Brussels partners Luca Crocco and Philipp Studt and Brussels counsel Wesley Lepla; on anti-bribery and anti-corruption matters by Washington, D.C./London partner Nathan Seltzer, with associate Catherine Yao; on real estate matters by New York partner Dara Denberg, with associate David Rao; on anti-money laundering and trade controls matters by Washington, D.C. partner Eric Volkman, with associate Eric Green; and on environmental matters by New York counsel David Langer, with associate Tal Carmeli.