Mirabaud invests in Alain Ducasse Group
Mirabaud Asset Management has acquired a minority stake in France-based gastronomy business Alain Ducasse Group.
CEO Alain Ducasse will retain a majority stake in the business.
Following the investment, Mirabaud said in a statement that it aims to assist the company with shifting its focus towards manufacturing and distribution, expanding its network of shops.
Mirabaud is investing via its first private equity fund, which focuses on patrimoine vivant (living heritage) companies based in Europe. The fund held a final close in December 2018 on €150m and makes equity investments of €10-12m.
The GP is currently on the road for its Lifestyle and Impact Fund, which was launched in January 2020 and is targeting €200m. The fund will focus on emerging B2C businesses and brands in the lifestyle sector, as well as B2B companies dedicated to the consumer sector.
Company
Founded by chef Alain Ducasse in 1987, Alain Ducasse Group is a Paris-headquartered gastronomy business. The company runs 34 restaurants in France and abroad, as well as culinary courses and two chains of chocolate and coffee shops: La Manufacture de Chocolat and La Manufacture de Café.
People
Mirabaud Asset Management – Renaud Dutreil (head of private equity); Lionel Aeschlimann (managing director, CEO).
Alain Ducasse Group – Alain Ducasse (CEO).
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