News & Events CMA CGM to Acquire Fenix Marine Services, One of the Largest U.S. Port Terminals, for $2.3 Billion CMA CGM to Acquire Fenix Marine Services, One of the Largest U.S. Port Terminals, for $2.3 Billion November 5, 2021 View Related Lawyers | View Related Services | View Related Offices Willkie represented CMA CGM Group in the transaction. On November 3, the CMA CGM Group, a world leader in shipping and logistics, announced it signed an agreement to acquire 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, based on an enterprise value of $2.3 billion, from EQT Infrastructure III, a global investment firm. Currently holding a 10% stake in the terminal, CMA CGM will become sole owner of the FMS facility post transaction closing. Fenix Marine Services in the Port of Los Angeles is one of the largest marine terminals in North America, spanning nearly 300 acres and 4,000 feet of the wharf. It is the third-largest terminal in the Los Angeles/Long Beach port area in terms of capacity. The acquisition is expected to bolster CMA CGM’s position as a global port terminal operator, and support its growth in the U.S. The CMA CGM Group is one of the largest carriers of containers on Transpacific routes, operating 24 services. It also offers specialized services (value-added services, EXX express service, APL services deploying U.S.-flag ships as part of the U.S. government’s Maritime Security Program, etc.) in the Los Angeles/Long Beach region. Currently, the group has investments in 49 port terminals in 27 countries, through its two subsidiaries CMA Terminals and Terminal Link (joint venture). The Willkie team was led by senior counsel Daniel Hurstel, partners Annette Peron, Russell Leaf and Laura Delanoy and included associate Donald Casey. Contact Us Legal Notices Media Inquiries Privacy Policy RSS Sitemap Attorney Advertising © 2021 Willkie Farr & Gallagher LLP We use cookies to enhance your browsing experience. Please know that by continuing to explore our website, you consent to the use of cookies in accordance with our Privacy Policy.

Lawyers Scott A. Arenare Overview Experience Scott A. Arenare General Counsel New York Willkie Farr & Gallagher LLP 787 Seventh Avenue New York, NY 10019-6099 T 212 728 8252 F 212 728 9252 sarenare@willkie.com VCard | View and Print Full Bio Scott A. Arenare is General Counsel to the firm. He also practices in the Asset Management Group, where he focuses on private equity fund formation and operations, investment activities and transactional matters, and regulatory and compliance matters. He was previously a Managing Director, General Counsel, Chief Compliance Officer and a member of the Executive Management Group at Warburg Pincus LLC, the global private equity firm, which he joined in 1998. He began his legal career at Willkie. Contact Us Legal Notices Media Inquiries Privacy Policy RSS Attorney Advertising © 2021 Willkie Farr & Gallagher LLP We use cookies to enhance your browsing experience. Please know that by continuing to explore our website, you consent to the use of cookies in accordance with our Privacy Policy.