Charles Russell Speechlys advises the shareholders of Zenkraft on the sale of the company to Bringg
Charles Russell Speechlys has advised the shareholders of Zenkraft, Salesforce's leading parcel and return delivery solutions provider, on the sale of the company to Bringg, an Israel based delivery and fulfilment cloud platform provider.
Zenkraft is an award-winning technology company with locations in London and the US. It supports over 80 carriers worldwide, providing shipping, fulfilment, tracking and returns services, allowing customers to process shipments, generate labels and track packages in real-time. Bringg helps retailers to optimise their logistics operations and last mile delivery services using the Salesforce ecommerce cloud and order management system.
Zenkraft CEO James Lumb commented: “Our combination with Bringg will help Zenkraft continue to grow our ecommerce solutions for the leading global carriers that we support and will allow us to scale up our operations accordingly. Many thanks to Mark, Ashwin and the team at Charles Russell Speechlys for their assistance on the transaction – it was great to work with them and their industry knowledge, full-service offering and expertise in transactions of this nature was invaluable.”
Partner Mark Howard commented “It was great to work with James, Adrian and the Zenkraft team on this landmark deal for the company. The transaction highlights our expertise in advising innovative IT services and software companies using cloud services to provide solutions for enterprise customers."
The Charles Russell Speechlys team was led by Corporate Partner Mark Howard and Senior Associate Ashwin Pillay, supported by associate Ayman Shehata and trainee Nia John. Partner Helen Coward and associate Anna Reynolds advised on tax and the team also included Partner Mark Bailey and associate Olivia Crane (Commercial Technology), Legal Director Andy Williams (Employment), and associate Sarah Keens (Property).