FnB Private Equity buys Henri Raffin

PE firms Idia, Crédit Agricole Alpes Développement and Swen Capital Partners secured minority stakes in the business.

The deal is FnB's fourth investment via its maiden fund, FnB Europe Fund, which closed on €134.5m in September. The food- and beverage-focused GP typically invests tickets in the €8-18m range.

Company
Based in La Rochette, Henri Raffin is a family business founded in 1937 that produces meat delicacies typical of the French Alps. Recording a €50m turnover in 2017, the company employs 250 people.

People
Henri Raffin – Laurent Herlin (managing director).

Advisers
Equity – Advance Capital (corporate finance); Vivant Chiss (legal); CRB Avocats (legal); Lighthouse (tax).
Company – Stout Advisors (corporate finance); Fidal (legal).

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• Topics
• Buyouts
• France
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• France