Paris, May 23, 2008—Shearman & Sterling represented Torraspapel, SA, a Lecta group company, which in turn is owned by CVC, in the acquisition of 100% of the share capital of Secmar SAS held by members of the Malmenayde family. The transaction was completed on May 6, 2008.

Secmar holds 100% of the paper distributor Malmenayde SAS and 66% of the paper company Nord Papier SA. Secmar and its subsidiaries, which consolidated revenues amounted to €127 million in 2007, are renowned paper merchants with a longstanding tradition in the French market.

Torraspapel, incorporated in Spain, is a leading European producer of coated fine paper, specialty paper and self-adhesives for labels, as well as a leading paper merchant in Southern Europe. Torraspapel currently owns merchants in Spain, Portugal, Argentina and France.
This transaction will enable Torraspapel and the Lecta group to consolidate their position in French market.