May 31, 2007
Global logistics company EGL, Inc. and CEVA Group Plc sign merger agreement.
On May 24, it was announced that global logistics company EGL, Inc. and CEVA Group Plc, a UK public limited company owned by affiliates of Apollo Management VI, L.P., signed a definitive merger agreement valued at approximately $2 billion. Willkie assisted Deutsche Bank, financial advisor to the Special Committee of EGL’s Board of Directors, in the transaction. In reaching the agreement, EGL has terminated its previous merger agreement with affiliates of James R. Crane, EGL's largest shareholder and CEO, together with investment funds affiliated with Centerbridge Partners, L.P. and The Woodbridge Company Limited. Partner David Boston and associate Laura Delanoy advised Deutsche Bank.
