Hall & Wilcox advises NewCold on acquisition of Karras Group

Hall & Wilcox has advised NewCold on its acquisition of the Karras Group.

NewCold is a global leader in advanced food logistics, based in the Netherlands. Founded in 2012, it specialises in automated temperature-controlled storage, and has operations across Europe, North America and Australia. Karras Group is an Australian family-owned refrigerated transport, cold storage and logistic service provider, founded in 1976.

NewCold’s acquisition will allow it to grow its footprint and offering to customers in Australia.

A cross-practice team of Hall & Wilcox experts advised on the deal. Partners Vanessa Murphy and James Morvell, Senior Associate Susannah Dobbie and Lawyer Caitlin Byrne advised on the competitive bid process, legal due diligence and sale documentation.

Partner Alison Baker and Special Counsel Alexandra Gallagher advised on employment due diligence and executive service agreements for the management team.

Partner Natalie Bannister, Senior Associate Ella Simmons and Lawyer Fiona Daly advised on property due diligence and new leasing documentation.

Partner Mark Inston and Special Counsel Jeanette Lui advised on the acquisition finance.

Partner Vanessa Murphy said, ‘It was fantastic for our cross-practice team to work closely with NewCold in advising on this acquisition. We congratulate NewCold on what is such an exciting step in expanding its Australian operations.’

NewCold Founder and CEO Bram Hage said, ‘This strategic acquisition underpins our vision and ambition in Australia by strengthening the business and operating model. Combining Karras with our well-capitalised platform will strengthen our customer offering and promises an exciting future for our people, business, customers, and suppliers in Australia.’

Hall & Wilcox is a leading independent law firm. We have more than 1000 people, including 130+ partners, working across eight offices. We build partnerships with and service corporate, public sector and private clients, both Australian-based and international. Our Mergers & Acquisitions team is widely recognised for its in-depth awareness and appreciation of the value drivers and range of issues arising out of M&A transactions.