Rocktree Expands with Atria Acquisition
Deal News | Feb 10, 2025 | EIN
Rocktree, a key player in the logistics solutions sector, is set to expand its reach in Latin America through the acquisition of Atria. This strategic move, announced by Rocktree's CEO Daniele Pratolongo, is expected to enhance their service offerings, enabling significant growth and long-term value creation. To support this acquisition and further expansion efforts, Rocktree has secured private credit financing up to US$350 million from EnTrust Global’s Blue Ocean platform. This funding will facilitate both organic growth and future merger and acquisition opportunities. The acquisition is scheduled to close in the first quarter of 2025, contingent upon usual conditions. Evercore and a group of law firms including Proskauer Rose and Beccar Varela advised Rocktree, while BNP Paribas and Salaverri, Burgio & Wetzler Malbrn advised Southern Cross Group.
Sectors
- Logistics Solutions
- Private Equity and Investment
- Legal Advisory
Geography
- Latin America – Rocktree's acquisition of Atria is focused on expanding their presence in the Latin American market.
- Global – Rocktree’s strategy aims to expand its leadership in logistics solutions not just in Latin America but on a global scale.
Industry
- Logistics Solutions – The acquisition of Atria by Rocktree centers around expanding logistics services, which fall under the umbrella of logistics solutions.
- Private Equity and Investment – The transaction involves private credit financing and investment advisory services, categorized under Private Equity and Investment.
- Legal Advisory – Multiple legal firms played a vital role in facilitating the M&A activities, placing it under the Legal Advisory sector.
Financials
- US$350M – The amount of private credit financing secured from the Blue Ocean platform managed by EnTrust Global to fund Rocktree's acquisition and expansion plans.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rocktree | Acquiring Company | Company | Rocktree is a company focused on logistics solutions, aiming to expand its service offerings through strategic acquisitions. |
| Atria | Target Company | Company | Atria is the company being acquired by Rocktree to enhance and expand its logistics offerings in Latin America. |
| EnTrust Global | Financial Backer | Company | EnTrust Global manages the Blue Ocean maritime investment platform, providing up to US$350M in private credit financing for Rocktree's acquisition. |
| Evercore | Financial Advisor | Company | Evercore served as the financial advisor to Rocktree, facilitating the acquisition process. |
| Proskauer Rose | Legal Advisor | Company | Proskauer Rose led the group of law firms advising Rocktree on legal aspects of the acquisition. |
| Beccar Varela | Legal Advisor | Company | Beccar Varela was part of the legal team advising Rocktree on the acquisition. |
| BNP Paribas | Financial Advisor | Company | BNP Paribas acted as the financial advisor to Southern Cross Group in the transaction. |
| Salaverri, Burgio & Wetzler Malbrn | Legal Advisor | Company | This law firm led the legal team advising Southern Cross Group during the acquisition. |
| Southern Cross Group | Selling Company | Company | Southern Cross Group is involved in the deal, presumably as the selling company, advised by BNP Paribas and Salaverri, Burgio & Wetzler Malbrn. |