King & Spalding represented Arcapita Bank, B.S.C., in a definitive agreement to sell its portfolio company 3PD to XPO Logistics, Inc., for $365 million.
Details of the transaction are available here.
Atlanta-based 3PD is a non-asset, third-party logistics company and the largest provider of heavy goods, last-mile logistics in North America. XPO Logistics is one of the fastest-growing providers of transportation logistics services in North America and a top-five provider of expedited transportation services.
The King & Spalding legal team was led by Atlanta corporate partner Raymond E. Baltz, Jr. Other lawyers involved on the transaction were:
Corporate:
Spencer A. Stockdale (associate, Atlanta)
Nathan L. Mihalik (associate, Atlanta)
Michelle Ferguson Stewart (associate, Atlanta)
Tax:
L. Wayne Pressgrove, Jr. (partner, Atlanta)
Employee Benefits:
Kenneth A. Raskin (partner, New York)
Ryan Gorman (associate, Atlanta)
Intellectual Property:
Emma Maconick (partner, Silicon Valley)
Daniel Ray (associate, Silicon Valley)
Antitrust:
Jeffrey S. Spigel (partner, Washington)
Brian R. Meiners (counsel, Washington)
