P&O Nedloyd

The Company

P&O Nedlloyd (“P&O”) is the world’s second largest container shipping line.  Based in London, England and Rotterdam, Holland, P&O has annual revenues of approximately US$4.5 billion.  Despite having strong international logistics capabilities, the Company has a limited presence in the U.S. logistics market.

The Situation

P&O’s management team recognized increasing demands from their global shipping customers to provide integrated logistics management and increased visibility along the supply chain.  In addition, the Company’s minimal U.S. presence was a strategic gap in P&O’s logistics business.  P&O’s management believed that pursuing an acquisition in the U.S. market was the ideal way to bolster its U.S. logistics capabilities.

The Solution

KPMG Corporate Finance was engaged to assist P&O on formulating and executing its acquisition strategy.  KPMG Corporate Finance assisted the Company in refining its acquisition criteria, identifying and evaluating targets and initiating discussions.  KPMG Corporate Finance performed a comprehensive search to ensure that Gilbert was an ideal partner.  Once Gilbert was determined to be a strong strategic acquisition, KPMG Corporate Finance advised on the purchase price, form of consideration, deal structure and other key aspects of the transaction and assisted in the negotiation and closing of the deal.

Multidisciplinary

The transaction was seamless, as KPMG Corporate Finance worked efficiently with other KPMG Corporate Finance advisors, including Transaction Services (providing due diligence services) and the M&A Tax practice, as well as the Company’s other third party advisors.