Garrigues and Hogan Lovells instructed on Logiters deal

Garrigues advised private equity fund Corpfin Capital on the sale of logistics operator Logiters to ID Logistics.

ID Logistics was advised by Hogan Lovells on the deal.

Logiters manages more than 50 warehouses and employs 3,300 people in Spain and Portugal. The company’s 2015 revenues totalled €250 million.

The deal was valued at €85 million, according to Mergermarket.

The transaction remains subject to approval by Spanish regulators. The deal is expected to be completed later this summer.