Naxicap exits Paradis du Fruit

Management, which wholly acquired the company in the transaction, relied on a €35m debt package to finance the deal.

Naxicap initially acquired a minority stake in 2007 in a €5m deal, according to Unquote Data. Apax France had previously backed the business in 2001.

During Naxicap's ownership, Paradis du Fruit notably bought the France-based Pizza Marzano activities of Netherlands-based pizzeria operator Pizza Express Holdings.

Company
Founded in 1981 and based in Paris, Paradis du Fruit operates 12 restaurants directly and has a franchise network, generating revenues of around €50m. It specialises in fruit- and vegetable-based cuisine.  

People
Paradis du Fruit – Claude Louzon (president, co-founder).
Naxicap Partners – Cyrille Seydoux (investment director). 

Advisers 
Company – June Partners (corporate finance); R&J Capital (corporate finance); Santoni & Associes (legal).  
Vendor – CBA Holman Fenwick & Willan (legal).

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• Topics
• Exits
• France
• Consumer
• France
• Naxicap
• Management buy-back