Sopromec and BTP Capital back Charles Service MBI

Each investor provided €85,000 to support the management buy-in led by entrepreneur Cédric Brémard. The new owners plan to treble the company's turnover within five years and increase its presence across France.

Charles Service is a Chelles-based forklift rental company founded in the 1960s. It is the exclusive distributor of Yale forklifts in the Paris region. Charles Service posted a €4m turnover for 2009 and employs 25 people.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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