Quad-C exit from AIT in recapitalization of $ 1.2 billion


Law360 (March 17, 2021, 2:28 p.m. EDT) – Quad-C Administration introduced on Wednesday that it’s going to promote its stake within the transport enterprise AIT Worldwide Logistics Inc. to a different non-public fairness agency The Jordan Co. in a part of a recapitalization of a better worth. $ 1.2 billion, in a deal led by White & Case and Kirkland.

TJC’s new help will assist Chicago-based AIT proceed to develop and serve its greater than 6,000 clients, in line with separate statements on the deal.

“TJC has a confirmed monitor document of partnering with firms in our trade, and their worldwide experience will present a definite benefit for sustained natural progress and future acquisitions …

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