Haudecoeur partners with Apheon and LFPI for growth
Deal News | Nov 28, 2024 | Apheon (prev Ergon Capital)
Haudecoeur, a leader in the production and distribution of ethnic food in France, continues its partnership with Apheon by transitioning its ownership within an Apheon-controlled vehicle, maintaining Apheon as a majority shareholder. LFPI enters as a minority investor, while the Haudecoeur family and management commit to reinvesting, cementing their support for Haudecoeur's growth. Since Apheon's first investment in 2019, Haudecoeur has doubled its revenues and become a European market leader, underpinned by strategic acquisitions and a strong management team. With the expanded capital and support from its partners, Haudecoeur plans to pursue acquisitions across Europe to leverage its position in the market and continue its robust growth. The transaction awaits regulatory approval. Advisors in this process include Rothschild & Co, Raphal Financial Advisory, and Rabobank. The collaboration aims to position Haudecoeur as a dominant player in the ethnic food sector in Europe.
Sectors
- Food Production and Distribution
- Private Equity
Geography
- France – Haudecoeur is based in France with operations in key locations like La Courneuve and within the Paris area.
- Europe – The partnership involves European-based private equity firms and targets expansion across strategic European geographies.
Industry
- Food Production and Distribution – Haudecoeur specializes in the procurement, production, and distribution of ethnic food products.
- Private Equity – Apheon and LFPI are private equity firms involved in the transaction and investment in Haudecoeur.
Financials
- 280 million – Approximate revenue of Haudecoeur after Apheon's initial investment and subsequent growth.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Haudecoeur | Target company | Company | French leader in procurement, production, and distribution of ethnic food. |
| Apheon | Majority Shareholder | Company | Private equity firm retaining majority stake in Haudecoeur. |
| LFPI | Minority Investor | Company | Multi-strategy alternative asset manager entering Haudecoeur's capital structure as a minority investor. |
| Rothschild & Co | Financial Advisor | Company | Advised Apheon on the transaction. |
| Raphal Financial Advisory | Financial Advisor | Company | Advised Apheon on the transaction. |
| Rabobank | Financial Advisor | Company | Sole advisor to LFPI on the transaction. |