Ardian takes minority stake in Piz'wich

The GP acquired its stake in the company through its 2014-vintage Ardian Croissance Fund. As part of the deal, Ardian senior investment manager Frédéric Quéru will take a seat in the company's board.

According to a statement, the company is keen on using the capital injection to expand internationally, mainly across Germany, Italy, Spain, Benelux, the US and Canada, as well as to expand its product offering.

Company
Founded in 2001, Piz'wich produces frozen snacks for supermarkets, as well as airline catering and several food distribution services. Located in Bulgnéville, near Nancy, the company employs a staff of 40 and generated €14m in revenues in 2016, according to a statement.

People
Ardian – Alexis Saada (managing director); Frédéric Quéru (senior investment manager); Marion Villalta (private equity analyst).
Piz'wich – Stéphane Delahaye (chair).

Advisers
Equity – Lamartine Avocats (legal); Aca Nexia (financial due diligence).
Company – Invest Corporate Finance (corporate finance); G&A (legal).

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• Topics
• Expansion
• Consumer
• France
• France
• Ardian (formerly Axa PE)