Finance Monthly - December 2022

About the Deal Emerge Ecommerce Ltd has completed an investment in Seaspace International Forwarders Ltd, a highly respected Gatwick based specialist air and sea freight forwarder and logistics provider that has operated successfully since its founding in 1988. Seaspace’s majority shareholder will retain a significant interest in the business (with responsibility for its operation to the management team) as ownership of the company changes hands. The transaction comes on the heels of Emerge’s acquisition of Newcastlebased freight forwarder Berser International Cargo Services Ltd in September 2021. Both transactions have been funded by a combination of debt facilities from MSIF, which facilitated a mezzanine facility, and Arbuthnot, which provided an invoice discounting facility and term loans. Additionally, the funding package includes a substantial injection of capital intended to support future growth. Denise Walker, Head of Corporate Department at Glenville Walker and Partners, advised MSIF on the transaction. Arbuthnot was advised by Bermans while Emerge was advised by Brabners and Hill Dickinson. Advisers on the Transaction: Investment in EMERGE ECOMMERCE LTD’s SEASPACE INTERNATIONAL FORWARDERSLTD Tr ans ac t i on Repor t s 58 Finance Monthly.

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