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CBPE sells UTI to InterBulk Investments for £80m16/03/2007. Source: AltAssets. 
 UK mid-market private equity firm Close Brothers Private Equity has sold United Transport International, a global logistics firm for the movement of liquid and dry bulk materials, for £80m to InterBulk Investments.
UTI has a network of offices throughout Europe with annual sales of approximately £120m. The company was formed in 2000 as a result of a merger of CBPE portfolio company IBC and Rentokil's intermodal operations.
Neil Murphy of CBPE said, 'Logistics and business services are a core area of investment for CBPE. UTI is a good example of this. During our ownership we have supported management during a period of both organic growth and acquisitions. The business should thrive under InterBulk's ownership and the synergies that they will provide.'
CBPE has funds under management of €1bn. The firm invests in transactions with a value of between £20m to £100m. It focuses on investment in the specialist industrials, business support services, consumer products, leisure, transport and distribution, and healthcare and pharmaceuticals sectors.
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