
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.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater