EdRip takes minority stake in La Vie Saine

EdRip acquired a stake in the business via its Cabestan Capital II fund, a vehicle that held a €165m final close in September 2016 and is managed by the firm's small-cap transactions-dedicated team. The deal is the ninth investment for the fund.

EdRip invested in the buyout alongside state-owned BPI France and Pascale Cartier, the company's new president.

La Vie Saine plans to to open a new outlet in Dijon by the end of the year and plans to expand through organic growth and takeovers.

Company
Founded in 1958 and based in Annemasse, France, La Vie Saine specialises in the production, distribution and sale of organic produce. It operates 10 supermarkets in Bordeaux, Burgundy, Occitania and Paris. The business employs 126 people and generated €23m in revenues in 2016, according to a statement.

People
La Vie Saine – Pascale Cartier (president).
Edmond de Rothschild Investment Partners – Romain Ohayon (director).
BPI France – Romain Gauvrit (investment director).

Advisers
Buyers – Deloitte, Claire Deguerry, Christèle Fraisse, Antoine Gajac (financial due diligence); Lamartine Conseil (legal, tax); Ipside Avocats (legal).
Vendor – I-Deal Development (M&A); Grant Thornton (financial due diligence).

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• Topics
• Buyouts
• Consumer
• France
• France
• BPI France