Cerberus Capital Management completed the acquisition of the European operations of Staples for €50m.

Cerberus Capital Management, a private investment firm, completed the acquisition of the European operations of Staples, an American office supply retail company, for €50m. “With the close of this deal, Staples’ global customers with a European presence will have their business needs met through the comprehensive services Staples Solutions will offer, while we will be able to fully devote our resources to growing our business in North America,” Shira Goodman, Staples CEO and President.