FRANCE - Sagard cedes CEPL for EUR 500m

Debt for the transaction was provided by a consortium of banks including RBS, Société Générale, Calyon and ING. Sagard initially purchased the company along with the management in a EUR 174m deal in 2005.

CEPL is a warehouse logistics service provider that operates 23 sites in France and Germany. The Béville le Comte -based company was founded in 1998 by Thierry Ortmans and employs 2200 people.

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