Kirkland Represents Greenbriar Equity Group on $500 Million Investment in Uber Freight

Kirkland advised Greenbriar Equity Group, L.P., a New York-based investment firm and one of the leading investors in the logistics space, on its commitment with an investor group led by Greenbriar to invest $500 million in a Series A preferred stock financing for Uber Freight, the logistics arm of Uber, valuing the unit at $3.3 billion on a post-money basis. Uber will maintain majority ownership in Uber Freight and will use the funds to continue to scale its logistics platform and accelerate product innovation to equip shippers with technology to power their supply chains. The transaction is subject to customary closing conditions and is expected to close in October 2020.

Read the Greenbriar and Uber Freight press release

The Kirkland team was led by transactional partners Jonathan Manor and Shawn OHargan and associate Eva Mak, and investment funds partners John Kelley and Robert Blaustein and associate Michael Ramsey.