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Simpson Grierson acts in sale of ISO Limited to Qube
Simpson Grierson acts in sale of ISO Limited to Qube
Simpson Grierson partner Michael Pollard and senior associate Andrew Matthews have acted for FIGG Investments Limited in the sale of New Zealand's stevedoring and marshalling company, ISO Limited, to ASX-listed Qube Holdings Limited for NZ$80 million plus an as yet determined earn out amount.
ISO Limited operates in ports throughout New Zealand and Australia. The company's stevedoring, marshalling and transport activities are focussed around the forest products industry. The acquisition of ISO gives Qube greater exposure to new markets and product sectors.
Michael Pollard says, "We are delighted to be involved in the successful sale of ISO. We have worked with them for over a decade now and assisted them to develop a very strong New Zealand business and international platform. Their contribution has been transformation on New Zealand's waterfront."
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