Kuehne + Nagel International AG (SWX:KNIN) entered into a binding agreement to acquire unknown majority stake in Apex Logistics International (CN) Limited from MBK Partners and Tony song on February 22, 2021. Following closing of the transaction, a minor stake of Apex Logistics International (CN) Limited's shares is to remain with the management of Apex. Apex Logistics International (CN) Limited will then continue to operate separately within the Kuehne+Nagel Group. The purchase price will be financed by available liquid sources and, if needed, by available credit lines. Apex Logistics International (CN) Limited generates yearly turnover in excess of CHF 2.2 billion, gross profit of CHF 296 million and earning before tax of CHF 126 million. The acquisition is subject to customary closing conditions, including merger clearance by the competent competition authorities. Jia Yan and Ting Wang of Paul Hastings LLP acted as legal advisor to Apex Logistics International (CN) Limited. Alexander Fischer, Howard Wu, Alexander Blaeser, Matthias Trautmann, Boris Wenger, Matthias Courvoisier, Eva-Maria Strobel, Markus Wolf, Yves Mauchle, Roger Thomi, Zarina Fueglister, Tiziana Hongler, Jan Lusti, Zheng Lu, Terry Xu, Gege Li, Merry Du, Coco Xi, Emma Zhao, Leo Zhang, Sufi Shang, Luis Zhang, Rachel Ye, Cora Wu, Lucca Li, Xi Chen, Hunt Wu, Kevin Yuan, Laura Liu, Harold Van Kooten, Isabella Liu, Jannice Lau, Joel Cheung, Mandy Hung, Bryan Ng, Stephen Crosswell, Charlie Wong, Thomas Jenkins, Amy Ling, Lu Zhou, Jannie Mak, Rainbow Fu, Lesley Jingyu Luo, Antonia Chan, Eunkyung Shin, Jeanne Song, Andrew Sagor, Chen Tang, Derek Liu, Stuart Seidel, John Fedele, Jennifer Trock, Alexander Matthews, Arvind Miriyala, Eric Thianpiriya, Yana Ermak, Alexander Ehrle, Reynaldo Vizcarra-Mendez, Jesus Antonio Perez-Palazuelos, Christiaan Van der Meer, Danielle Pinedo, Florian Fehres, Emile Doelwijt, Julie Wulfften Palthe, Maarten van Laar, Philip Luckmann, Anastasia Moonen-Vaes, Gwyneth Gu, Yiting Lin, Pornapa Luengwattanakit, Narumol Chinawong Teo, Sirikan Buranasiri, Kritchaya Rattanasakul, Lan Phuong Nguyen, Chi Hoang Yen Ngo and Xuan Nghi Ma of Baker & McKenzie LLP. Morgan Stanley acted as financial advisor to Apex Logistics. Remo Huser and Timo Knak of KPMG AG, Schweiz, Corporate Finance Division acted as financial advisor to Kuehne + Nagel International AG. Ropes & Gray LLC acted as legal advisor to Kuehne + Nagel International.