RSM's M&A and private equity team has advised on the sale of Bellville International Limited to US-based Oregon International Air Freight (OIA Global).
Bellville is an award-winning US$120m turnover freight forwarder, employing 160 staff in 22 locations worldwide. It has an extensive network of offices across Europe, which complements OIA Global's strong presence in the USA and Asia.
US-based OIA, a leading worldwide transportation, supply chain management and packaging solutions provider, already has a presence in 75 countries. The acquisition of Bellville provides its international clients with broader geographic coverage and in particular a presence in Europe.
What RSM did
RSM structured a deal which provides the management team with significant value, while allowing them to benefit from future growth. The deal team guided the shareholders through a complex multi-jurisdictional process, involving 12 overseas subsidiaries. RSM also provided tax advice on the transaction.
'RSM’s support was integral to achieving the deal. The team worked hard during negotiations and dedicated an impressive amount of time and resource to the due diligence stage. We couldn’t have achieved this deal on time without them.'
Terry Walpole, Group Chairman, Bellville International Limited
Kirsty Sandwell, Partner, T: (0) 7904 238 542
Sarah Dean, Associate Director, T: (0) 7788 106 692
Gemma Legg, Executive, T: (0) 7766 323 139