21 Centrale Partners to sell Averys

May 30, 2008

21 Centrale Partners is pleased to announce the sale of Averys, a European leader in the storage systems, to LBO France.

In 2005, 21 Centrale Partners organized the Public to Private of Averys. In less than 3 years, the Group has strengthened its market positions, increasing its turnover by more than 50% and doubling its Ebitda.

21 Centrale Partners has implemented an active international growth strategy mainly through the acquisition of the Turkish leader providing a strategic platform for its development in emerging markets.

21 Centrale Partners will participate to the new transaction and will continue to contribute to the group developments.

Gérard Pluvinet, Founding Managing Partner of 21 Centrale Partners and Antoine Pupin, Managing Partners, declared: «Averys is fully representative of 21 Centrale Partners strategy to develop French mid-market companies internationally. Averys is now one of the major European players with presence in France, Germany, Poland and Turkey».
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