FRANCE - CDC CI acquires DGF

CDC CI took a majority stake in the business alongside the management team, which was led by president Jean-Luc Champaud and Eric Chary, DGF's manager. The majority of the vendors also reinvested in the company. DGF has an enterprise value of under EUR 50m. CDC CI invested from the 2005 fund CDC Development and Transmissions, which is currently 70% invested.

Founded in 1986 by a coming together of several distributors, DGF is a producer and distributor of fresh and frozen food products focused principally on the bakery sector. It counts 25,000 boulangeries and patisseries as clients in France as well as a number internationally, where it generates 13% of its EUR 130m annual turnover. The company is based in Chanteloup-les-Vignes and employs 390 people.

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