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FRANCE - Argos Soditic backs Sitour's MBO

Julien
10 May 2006

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Argos Soditic has backed the management buyout of Groupe Sitour. This is the first investment made through the equity house's new fund, Euroknights V.

40-year-old Groupe Sitour specialises in visual marketing for the retail industry and employs 180 staff. The company generated EUR 30m turnover in 2005. The new funds will be used to improve customer service, develop new products and assist clients' worldwide expansion.

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