BDC’s Mezzo di Pasta to change hands in Q1

According to a source close to the situation, the tribunal that was appointed to find a new shareholder for Mezzo – after it fell into the French equivalent of UK receivership in July last year – will announce the new owner next month.

"Redressement judiciaire" is a court-overseen safeguard procedure in France.

French publication Capital Finance reported that either French pizza delivery company Speed Rabbit Pizza or its CEO, Daniel Sommer, is set to be Mezzo's new owner.

BDC acquired Mezzo in July 2011, buying a majority stake in the business via its Bridgepoint Development Capital I fund. At the time of BDC's acquisition, Mezzo was planning to at least double its number of outlets across France, according to unquote" data.

When the company went into receivership in 2013, Mezzo decided to close 10 of its 135 restaurants in France.

Mezzo was founded in 2002 and is headquartered in Strasbourg. The company is believed to have generated turnover of €50m in 2012.

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