Global law firm Reed Smith has advised an affiliate of Reuben Brothers on the acquisition of Metro International Trade Services (Mitsi Holdings LLC). Terms of the transaction were not disclosed; the deal team was led by corporate partners David Grimes and Patrick Rice in the firm’s New York office. Coordination of the Reed Smith team and deal origination was conducted by and through Jonathan Solomon, partner in the firm’s London office.
A multi-office Reed Smith team, involving attorneys from New York, Washington, D.C., Pittsburgh, Philadelphia and London offices advised RB Capital Limited (the investment vehicle of the Reuben Brothers (RB)) on the acquisition of Mitsi Holdings LLC and its subsidiaries, including Metro International Trade Services LLC (Metro). Metro owns or operates storage warehouses around the world, including in Singapore, South Korea, China, Italy, Belgium, the United Kingdom and the United States.
Grimes and Rice completed the deal with support from: energy and commodities partners in London, Jonathan Solomon and Prajakt Samant; real estate partner, Joe Marger in New York; environmental partner, Lou Naugle in Pittsburgh; tax partner, Angelo Ciavarella in New York; labour and benefits partner Don Innamorato in Princeton; and counsel Kerry Halpern in Philadelphia as well as additional partners from around the firm.
Jonathan Solomon, Reed Smith partner in the firm’s London office commented:
“We've had the pleasure of advising Reuben Brothers on a number of commodity related matters in the UK and other jurisdictions, but this was our first opportunity to provide them with our transatlantic capabilities. The transaction was extremely complex and our market leading knowledge and experience in commodities and natural resources uniquely placed Reed Smith to achieve a successful closing for Reuben Brothers.”
David Grimes, Reed Smith partner in the firm’s New York office commented:
“This transaction could not have been consummated without a superlative effort from approximately 30 Reed Smith lawyers. We enjoyed working with Reuben Brothers on this acquisition and look forward to working with them on other cross border matters.”
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Note to Editors:
About Reuben Brothers
Reuben Brothers is a leader in private equity, real estate investment and development, and venture capital.
Metro International Trade Services LLC (Metro)
Metro is the owner and operator of Goldman Sachs' global metals warehousing business, with operations in the U.S., UK, Italy, the Netherlands, Turkey, Singapore, Malaysia, South Korea and Singapore.
About Reed Smith
Reed Smith is a global law firm, with 25 offices and more than 1,800 lawyers in offices across Europe, the Middle East, Asia and the United States.
For further information please visit www.reedsmith.com or contact Jeyda Star (senior PR & communications manager EME) on +44 (0)20 3116 2571.