M&A Deal Summary

Credit Mutuel Equity Acquires Frigilunch

On January 1, 2023, asset manager Credit Mutuel Equity acquired food company Frigilunch

Acquisition Highlights
  • This is Credit Mutuel Equity’s 11th transaction in the Food sector.
  • This is Credit Mutuel Equity’s 1st transaction in Belgium.

M&A Deal Summary

Date 2023-01-01
Target Frigilunch
Sector Food
Buyer(s) Credit Mutuel Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Frigilunch

Veurne, Belgium
Frigilunch develops and produces frozen-ready meals for European retailers and food service clients. The company offers both private-label and branded products (Frigilunch, Vers aan Tafel and Delimeal). Frigilunch was founded in 1970 and is based in Veurne, Belgium.

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Buyer(S) 1

Buyer
DESCRIPTION

CM-CIC Investissement is a financing and advisory group focused on supporting a variety of small to mid-sized companies operating in Western Europe. The Firm looks to fund businesses at all investment stages including venture, growth, and buyout situations. In addition to providing financing, CM-CIC also offers M&A advisory services. CM-CIC Investissement is based in Paris.


DEAL STATS #
Overall 174 of 188
Sector: Food M&A 11 of 13
Type: Buyout (LBO, MBO, MBI) M&A Deals 67 of 71
Country: Belgium M&A 1 of 1
Year: 2023 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 French Desserts

Angouleme, France

French Desserts specializes in the production and development of frozen pastries and cakes that are part of the French culinary heritage (donuts, pancakes, waffles, Jesuits, etc.). The company, which is very attached to respecting traditional recipes, offers a range of authentic and original regional products intended for catering professionals, leisure parks, or professionals (wholesalers, GMS , etc.). French Desserts is based in Angouleme, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 Bulle de Linge

Saint-Martin-du-Vivier, France

Bulle de Linge specializes in the care of linen and clothing for dependent people living in establishments. Bulle de Linge was founded in 2007 and is based in Saint-Martin-du-Vivier, France.

Buy -