FRANCE - Banexi CP and Céréa Capital lead tertiary buyout of Saveur

The other members of the equity syndicate are BNP Paribas Développement, Natio Vie Développement and Unigrains. LCL and CIC undewrote a senior debt package, while Axa Mezzanine and Céréa Mezzanine provided subordinated credit.

The deal allows previous backers Quartus Gestion, Cogepa and Capzanine to exit.

Barclays Private Equity and ABN Amro Capital had backed the company's primary buyout in 1999.

Saveur employs 152 staff and expects to generate sales of EUR 50m this year.

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