DLA Piper has represented long-standing client Singapore Post ("SingPost") on an investment in Jagged Peak, the US e-commerce logistics platform. SingPost will acquire 71.1% for S$22.5 million, expanding the company's e-commerce platform into the United States.

Jagged Peak services more than 20 warehousing facilities across US, Canada and Europe, had recorded revenues to the tune of US$61.7 million last year. The acquisition is in line with company's ambition to build an end-to-end logistics network and online platform on a global scale.

This is the third deal DLA Piper has worked closely with SingPost on in recent months, last month closing acquisitions in Hong Kong for 50% of E Link Station, a parcel locker business, and a significant minority stake in Morning Express & Logistics Limited, a logistics document and parcel delivery services business through SingPost's subsidiary Quantium Solutions Holding Pte. Ltd.

Paul Chen, Head of Corporate Asia said: "We were pleased to once again represent our client SingPost on another deal which represents the company's clear direction and strategy to strengthen its e-commerce logistics presence globally, and establish an integrated ecosystem for parcel deliveries across multiple channels. We look forward to working with them further in future".

The team was led by Paul Chen, Head of Corporate Asia, based in Hong Kong, and supported by Brad Rock, partner in San Francisco, Spencer Markel, Associate in San Francisco, and Jamil McClintock, Associate also in San Francisco.

Jagged Peak was represented by Shumaker.