Staci Group has announced its purchase by management, backed by Intermediate Capital Group and Ardian, from Astorg Partners and Initiative & Finance. The deal was rumored to be around €100 million ($136 million). A specialist logistics company, Staci provides preparation and dispatching of small orders and optimization of transport services to clients with large networks of retail outlets. It operates a total of 18 sites; 16 in France, one in Belgium and another in Italy. During Astorg's holding period, Staci's revenue increased from €78 million ($106 million) in 2006 to over €134 million ($182 million).