Shearman & Sterling advised PSA International Pte Ltd (PSA International) on its completed acquisition of BDP Intermediate 1, Inc., an intermediary holding company of BDP International, Inc. (BDP International), from New York-based private equity firm Greenbriar Equity Group, L.P. which was initially announced in December 2021.
PSA International is a leading port group and trusted partner to cargo stakeholders. With flagship operations in Singapore and Antwerp, PSA International’s global network encompasses over 50 locations in 26 countries around the world. PSA International’s portfolio comprises more than 60 deepsea, rail and inland terminals, as well as affiliated businesses in distriparks, warehouses and marine services.
Headquartered in Philadelphia, BDP International is a global logistics solutions provider managing end-to-end movement of shipments covering a range of industries and segments such as chemicals, industrial, healthcare, consumer and retail customers. With 134 offices worldwide, serving more than 5,000 customers, it specializes in the management of highly complex supply chains and is a proven industry leader in chemical and high care logistics and innovative visibility solutions.
The Shearman & Sterling team below included associates Eugene Kim (New York-Tax) and Austin Grossfeld (New York-Intellectual Property Transactions).