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CM-CIC Investissement, BPI France back Alpina Savoie

  • Francesca Veronesi
  • Francesca Veronesi
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CM-CIC Investissement and BPI France have acquired minority stakes in France-based Alpina Savoie, a pasta, semolina and couscous producer – investing alongside management – from parent company Galapagos.

Galapagos, a food group owned by the Tacquard family and led by Christian Tacquard, will still have a stake in Alpina following the transaction. Galapagos has backed Alpina since 2009.

Directors Jean-Philippe Lefrancois and Francois Coronel also invested in the business as part of the transaction.

Company
With origins dating back to 1844, Alpina Savoie specialises in the processing of durum wheat into semolina, and manufactures pasta, couscous and grain products. The business prides itself on using organic ingredients grown in France. Alpina Savoie generates revenues of €45m and is based in Chambéry.

People
CM-CIC Investissement – Frédéric Plas, Jérôme Geney (directors).  

Advisers
Equity – Advance Capital (financial due diligence); Lamartine Conseil (legal); Fromont Briens (ESG due diligence).
Company – Evolis Avocats (legal); Cabinet Goutany (legal); Fidal (legal).

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