Arcapita to buy European logistics firm

Manama: Bahrain-based investment firm Arcapita Bank on Monday announced that it and its affiliates have signed a definitive purchase agreement to acquire Compagnie Europeenne de Prestations Logistiques (CEPL), a leading European warehouse logistics service provider, from French private equity firm Sagard, and current management.

The terms of the transaction were not disclosed but the deal ranks as the largest leveraged buyout in France this year.

CEPL, headquartered in Beville le Comte, France, operates at 23 sites in France and Germany.