Montagu buys St Hubert for €430m

The equity injection was made through Montagu's fourth vehicle, Montagu IV, which closed on €2.5bn in 2011. St Hubert is the fourth acquisition made through the fund, following that of Emitel, College of Law and CAP.

The transaction will support the acquisitive growth of the company both nationally and internationally.

Company
Founded in 1900 and headquartered in Rungis, St Hubert produces standard, low fat and other spreads. The firm is also present in Italy in the spreads and dough markets through the Valle brand. St Hubert has a manufacturing facility in Ludres. Dairy Crest Group acquired the firm in 2007.

St Hubert reported a €130m turnover in the year ending March 2012 and employs more than 200 members of staff.

People
Sylvian Berger-Duquene is director of Montagu Private Equity.

Advisers
Equity – Lazard (Corporate finance).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Consumer
• Buyouts
• France
• France
• Montagu Private Equity
• Italy