Compagnie Fruitière, leading producer of bananas and pineapples, raises capital from Unigrains, Crédit Agricole and Société Générale Capital Partenaires

Compagnie Fruitière obtains minority investors subscribed by Unigrains and Crédit Agricole (IDIA Capital Investissement and Sofipaca) as lead managers, accompanied by Société Générale Capital Partenaires as a co-investor.

A family business established in 1939, Compagnie Fruitière’s majority holder is its founding family. Based in Marseille, with a turnover of over €700 m, it employs 18,000 staff. The group controls the entire fruit chain, from production to distribution, including transport, imports and ripening:
 A producer in Africa with over 9,000 ha of plantations in Ivory Coast, Cameroon, Ghana and Senegal
 A logistics operator with dedicated terminals in Africa/Europe and a fleet of eight specialist ships, making it the leader in the transportation of ACP fruits and vegetables
 A distributor of fruits in Europe and a ripener of bananas in France, the UK, Spain, Portugal and Morocco.

The group is the leading producer of bananas and pineapples in the ACP zone (African, Caribbean and Pacific Group of States) with a total production of 450,000 tonnes of fruits and vegetables. It is one of Europe’s leading distributors of fruits and vegetables (bananas, pineapples, mangoes, avocados, lychees, citrus fruits, potatoes, etc.).
Compagnie Fruitière is heavily involved in a CSR approach; in its African plantations it builds and maintains hospitals, schools, nurseries and accommodation for its employees.

“Unigrains is delighted to support Compagnie Fruitière in its international investment programme. This fantastic French ETI has been led for 75 years by the founding family and is established and recognised in West Africa in the field of agricultural production, transportation and logistics of fruits,” point out Didier Bosc and Sébastien Haselint, Investments and Development Director and Investments Director respectively at Unigrains.

“We were won over by a resilient business model based on the total control of the fruit chain with a strong presence in production. Compagnie Fruitière also proposed to us an ambitious business plan based on the development and deepening of the synergies between the various business areas,” adds Arnaud Pradier and Manuel Leal, Associate Director and Investments Director respectively at IDIA.

PARTICIPANTS:
COMPAGNIE FRUITIERE – Jérôme Fabre, Jan van Opstal, Stéphane Muffat
IDIA CAPITAL INVESTISSEMENT – Arnaud Pradier, Manuel Leal
UNIGRAINS – Didier Bosc, Sébastien Haselint, Fabrice Quéniat
SOCIETE GENERALE CAPITAL PARTENAIRES – Marc Diamant, Bruno Lacombe, Sylvia
Pinero
SOFIPACA – Yves Besset

INVESTOR ADVISORS:
Legal: PAUL HASTINGS – Guillaume Kellner, Mounir Ait Belkacem, Claudia Wagner
Legal DD: PAUL HASTINGS – Guillaume Kellner, David Lacaze, Stéphane Henry
Financial DD: GRANT THORNTON – Thierry Dartus, Damien Moron
Fiscal DD: GRANT THORNTON – Alexis Martin

FRUIT COMPANY ADVISORS:
Financial advisor: SOCIETE GENERALE – Pascal Bridier, Jérôme Choupin, Kevin
Debrabant, Augustin Héron
Legal: CMS BUREAU FRANCIS LEFEBVRE – Christophe Blondeau, Alexandre Morel

Email this to someoneShare on LinkedInShare on FacebookTweet about this on TwitterShare on Google+