Soflog-Telis (Acquired by European Capital 2007)

2007

European Capital invests in buyout of Soflog-Telis

In September Private Equity company European Capital announced that it has invested €29 million in the buyout of Soflog-Telis, a leading provider of logistics services to major industrial customers in France. The investment takes the form of equity and senior and junior mezzanine debt. Following the investment, European Capital and the Soflog-Telis' management team led by Bruno de Chaisemartin, former Chairman, are the majority shareholders of Soflog-Telis with a combined 55% ownership. 3i maintains its current 45% stake in Soflog-Telis.

Founded in 1952, Soflog-Telis is a leading provider of outsourced industrial logistics to over 2,100 customers. Soflog grew at approximately 10% annually between 2003 and 2006 when it acquired Groupe Telis, another fast-growing supplier of logistics services. This doubled the size of the group to €158 million revenues. Soflog-Telis is based in Asnieres, near Paris, and has 52 leased sites nationwide, 6 sites situated within client facilities, and more than 1,800 employees.

History

Soflog-Sofembal is an independent, familly owned company. With 70 million euros of sales turnover and a manpower of 900 people, Soflog-Sofembal has marked a growth of two figures witin 5 years thanks to its innovating solutions, its flexibility and its quality of service. This performance made the group arrive in Europe's top 500 logistics companies in 2004.