Vespa Capital backs Le Marché de Leopold MBO

The transaction sees the company's founder Benjamin Quiras sell his majority stake, while management invests alongside the GP. LCL provided senior debt for the transaction.

London-based Vespa drew equity from its second fund, closed on €70m in 2017. Leopold is the fourth investment from the vehicle, according to a statement.

Company
Founded in 2008 and based in Bordeaux, Le Marché de Leopold operates 15 organic food and product shops in France. The business generated sales of €26m in 2018, up from €2m in 2009.

People
Le Marche de Leopold - Benjamin Quiras (founder).
Vespa Capital - Denis Leroy (co-founder), Jean Valmy Nicolas (partner), Kenza Moumni (chargé d'affaires), Florence Locatelli (CFO).

Advisers
Company - Sodica Corporate Finance (corporate finance); Altair avocats (legal), CP&A (corporate finance).
Equity - Volt Associes (legal), Oderis (commercial due diligence), AgilIT (legal), Indefi (commercial due diligence).

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• Topics
• Buyouts
• France
• Consumer
• France
• Vespa Capital