Bolt-on for Abénex-backed Dupont Restauration
French catering group Dupont Restauration, in which Abénex Capital holds a minority stake, has acquired Yvelines Restauration for an undisclosed amount.
Abénex backed the OBO of Dupont in 2010, with a view to support the group's buildup strategy. The private equity firm holds a minority stake in Dupont.
The GP didn't inject any fresh equity into Dupont, which partly funded the purchase through its own balance sheet. A banking pool comprising Crédit Agricole, BNP Paribas, Société Générale, BCMNE and Banque Palatine provided additional financing to complete the acquisition.
Dupont specialises in the delivery of ready-made meals and other types of catering services. Based in Libercourt, the group employs 2,000 staff and posted a €133m turnover for 2010.
Founded in 1972, Yvelines produces and delivers meals for school cafeterias in its eponymous region. It has around 100 employees and generated a €17m turnover last year.
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