PE-backed Raffin bolts on Maison Milhau

The combined business will generate revenues of €80m, according to a statement by FnB Private Equity.

FnB Private Equity, Idia Capital Investissement, CADS and Swen Capital partners acquired stakes in Groupe Raffin in 2018, alongside Laurent Herlib, the CEO of the business.

The deal was FnB's fourth investment via its maiden fund, FnB Europe Fund, which closed on €134.5m in September. 

Maison Milhau had been managed by four generations of Milhau family members prior to the acquisition. Pierre Milhau has remained the CEO of the business.  

Company
Founded in 1926 and based in Lacaune, Maison Milhau specialises in the manufacture of dried meat products, such as ham and fresh sausage supplemented by regional cooked products. It employs around 125 people.

People
Groupe Raffin – Laurent Herlib (CEO).
Maison Milhau – Pierre Milhau (CEO).

Advisers
Company – Sodica Corporate Finance (corporate finance).

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