11 July 2022
We advised the shareholders of Bolero.net Limited (Bolero), a leading provider of electronic Bills of Lading (eBL) and digital documentation capabilities to facilitate global trade, on its sale to WiseTech Global, the Australian listed logistics technology group.
Headquartered in the UK and with over two decades of experience, Bolero offers fully digital solutions for carriers to digitize Bills of Lading, creating eBLs that can be transmitted, endorsed and presented electronically to port authorities, customs, financial institutions, logistics partners and other parties. This removes rekeying of paper-based and scanned documents with accurate, efficient digital documentation.
With a network of more than 200 carriers across the globe and some of the world’s biggest financial institutions directly connected, the vision for both WiseTech and Bolero is to enable end-to-end, digital first trade documentation. The sale was led by majority investor Azini Capital.
Commenting on the transaction, corporate finance partner Tandeep Minhas said: "We are delighted to have supported Bolero in becoming part of WiseTech Global. As a firm, we are proud to work with real trailblazers across all sectors and we look forward to seeing how these businesses coming together advances the digitisation of the logistics industry."
The transaction was led by corporate finance partner Tandeep Minhas with support from senior associate Annick Porter-Bredero and associate Olivia MacLellan in the corporate finance team.