Cerberus closes buy of Staples’ European operations
Cerberus Capital Management LP said Feb. 28 that it completed its buy of a controlling stake in Staples’ European operations. Staples will retain a 15 percent stake in the business. Reuters reported in December that Cerberus would pay $53.65 million for the business. Staples’ European business consists of retail, contract, and online businesses in 17 countries generating aggregate annual sales of approximately €1.7 billion.
28 February 2017•3 mins read
