Acquisition: ChannelPorts Ltd and CustomsPro Ltd
Crowe has advised French listed Getlink, better known as the owner of the Channel Tunnel, on the acquisition of ChannelPorts Ltd and CustomsPro Ltd.
Established in 1974 and based in Folkestone, Kent, ChannelPorts Ltd (ChannelPorts) has 44 employees and a revenue in 2023 of around £10 million. ChannelPorts offers comprehensive customs solutions which simplify cross-channel trade including data exchanges and improves the productivity of operations through its digital platform CustomsPro.
In addition to its customs clearance service activity, ChannelPorts owns a secure truck park facility and service area, Stop24, located on the M20 motorway in Folkestone, less than ten kilometres from the entrance to the Channel Tunnel.
Crowe's role and team
Crowe’s Corporate Finance team was led by Geert Struyven and supported by Lewis Clarke and Nick Martin. The Tax team was led by Simon Crookston, and supported by Martin Birley. The Customs Duty team was led by Ian Worth, and supported by Jamie McLeod.
Client quote
“We were delighted with the way Crowe expertly guided us during a complex and time pressured deal process. Their multidisciplinary team, consisting of financial due diligence, tax as well as duty and customs experts provided hands on support throughout the process. We look forward to working with them again!”
Antoine Pepin, Head of M&A, Getlink
