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Bridgepoint acquires CEE rail logistics company CTL21/11/2007. Source: AltAssets. 
 European private equity firm Bridgepoint has acquired CTL Logistics, a Poland-based private rail logistics company operating in Central and Eastern European from its founder, Jaroslaw Pawluk, for an undisclosed amount. Pawluk will remain with the firm as a significant minority shareholder and will also join the company's supervisory board.
CTL, which was founded in 1992, has four core activities: rail transportation, freight forwarding, siding management and waste disposal. The company recorded revenues of €285m in 2006.
Khai Tan, partner responsible for Bridgepoint's investment activities in the CEE region, said 'CTL's home market in Poland is already forecast to grow strongly. From this base, there is the opportunity to go for international growth where the company can become the largest private player in the European rail freight sector.'
Bridgepoint focuses on investment opportunities in companies valued up to €1bn. To date, the firm has raised approximately €8bn of capital. The firm is currently raising Bridgepoint Europe IV, a fund with a €4bn.
In March 2007 Bridgepoint announced that it had opened an office in Warsaw to address the CEE buy-out market.
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