Arcapita in its Acquisition of CEPL

September 16, 2008

Cleary Gottlieb represented Arcapita in its acquisition of CEPL. The deal is CEPL’s secondary LBO. It closed on September 16.

Arcapita is a Bahrain-based bank and investment fund. It has made over $26 billion in corporate, real estate, asset-based and venture capital investments. Arcapita acts as a principal, utilizing its own funds to complete deals, but its ultimate objective is to place a majority of the acquired equity with its investor base.

CEPL is France’s leading provider of outsourced, automated, multi-product order preparation services. CEPL enters into long-term agreements with clients to take over and manage existing warehouses and personnel. It receives and stores clients’ goods and prepares multi-product orders for delivery by third party transporters.