Dorda and Latham & Watkins have advised private equity fund Triton and ADIA — a wholly-owned subsidiary of the Abu Dhabi Investment Authority — on the acquisition of 100% of IFCO, a unit of Australian Securities Exchange-listed Brambles Limited. Brambles Limited was reportedly advised by Linklaters and Eisenberger & Herzog.
Triton and ADIA will have an equal share in the investing partnership. Regulatory approvals and other customary closing conditions are underway.
Dorda served as a local counsel to Latham & Watkins in the deal. Latham advised the consortium on all aspects of the transaction and also Triton on the shareholder's agreement with ADIA.
IFCO is a global provider of reusable packaging solutions for fresh foods, providing services to customers in more than 50 countries. Brambles Limited is an Australian company specializing in the pooling of unit-load equipment and associated services. Brambles owns around 500 million pallets, crates, and containers through a network of around 850 service centers.
Dorda’s team was led by Partner Christian Ritschka.
Latham's team was led by Frankfurt-based Partner Oliver Felsenstein, and included, in Frankfurt, Partners Leif Schrader, Alexandra Hageluken,Georg Weidenbach, and Max Hauser and Associates Christoph Vaske, Katarina Curic, Christina Queisser, Maximilian Platzer, and Anne Haas. The team in Munich consisted of Partner Stefan Suss and Associate Christine Watzinger. The team in London consisted of Partners Linzi Thomas and Sean Finn and Associates Jessica Corr, Alice Drayton, Zoe Liu, Joseph Kimberling, and Tamryn Jensen. The team also included Washington D.C.-based Partner Adam Kestenbaum, New York Partner Jocelyn Noll, and Los Angeles-based Associate Hannah Cary.