FNB Private Equity buys Sud-Ouest Lartigue et Fils

The transaction saw Ludovic Bouet appointed CEO of the business. 

Senior debt for the transaction was provided by Crédit Agricole, LCL and BPCA.  

Sud-Ouest Lartigue et Fils is the GP's second investment – it previously backed Bur Distribution, a food producer based in Le Mesnil-le-Roi, in September last year.  

Founded in 2017, FNB is dedicated to the development of European SMEs in the food and beverage industry.

The GP had raised €100m for its maiden vehicle as of April 2018. The fund has a target of €120m and is expected to reach a final close in Q3 2018.

Company
Founded in 1947, Sud-Ouest Lartigue et Fils sells a variety of charcuterie products. It originally specialised in foie gras but now provides an array of mostly meat-based products typical of south-western France. The family-owned company was until now headed by Xavier Lartigue.

The business, which generates a turnover of €15m according to press reports, is based in Pontonx-sur-l'Adour.

People
FNB Private Equity – Olivier Marchand (founding partner); Vincent Broncard (associate).
Sud-Ouest Lartigue et Fils – Ludovic Bouet (CEO). 

Advisers
Equity – Santoni et Associés, Lionel Lamoure, Capucine Mesas (legal); Transcapital, Ronan Lauzel, François-Xavier Moisan (M&A); Advance Capital, Olivier Poncin, Thomas Recipon, Malek Benteldjoune (corporate finance); LightHouse LHLF, Damien Hautin, Marie de Reinach (tax).
Management – Sodica, Xavier Boeri, Anne Sorlut, Adrien Lefevre (corporate finance); Juris Consultant, Sacha Zeidenberg (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• France
• Consumer
• France