M&A Deal Summary

Parquest Capital and IDIA Capital Investissement Acquire Sopral

On November 30, 2018, private equity firm Parquest Capital and corporate investor IDIA Capital Investissement acquired food company Sopral from Avril Group

Acquisition Highlights
  • This is Parquest Capital’s 3rd and IDIA Capital Investissement’s 8th transaction in the Food sector.
  • This is Parquest Capital’s 25th and IDIA Capital Investissement’s 54th transaction in France.

M&A Deal Summary

Date 2018-11-30
Target Sopral
Sector Food
Buyer(s) Parquest Capital
IDIA Capital Investissement
Sellers(s) Avril Group
Deal Type Divestiture

Target

Sopral

Guichen, France
Sopral provides quality dry extruded food and flake feed for cats, dogs, and horses. Sopral was founded in 1957 and is based in Guichen, France.

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Buyer(S) 2

Buyer

Parquest Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 610M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Parquest Capital is a private equity firm focused on acquiring and investing in mid-sized French companies. The Firm pursues companies with €20 to €150 million in revenue and is capable of committing up to €100 million per transaction. Sectors of interest include business services, consumer products, retail, and healthcare. Parquest Capital was originally established in 2002 as a unit of ING Insurance's French practice. Parquest Capital is based in Paris, France.


DEAL STATS #
Overall 26 of 34
Sector: Food M&A 3 of 4
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 25 of 33
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 Polyexpert SAS

Paris, France

Polyexpert SAS is a loss-adjusters and claims management service providers, serving insurance companies, brokers and corporates. Polyexpert SAS was founded in 1997 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 Eres Group

Paris, France

Eres Group is a distributor of employee savings products (PEE, PEI, PERCO and PERCOI) and pension insurance products (PERP, company PERP) through a network of more than 1,700 IFAs, insurance brokers and accountants. Eres Group was founded in 2005 and is based in Paris, France.

Sell -
Buyer

IDIA Capital Investissement

Paris, France

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 1980
PE ASSETS 2.9B EUR
Size Large
Type Sector Focused
DESCRIPTION

IDIA Capital is a long-term agroindustry investor. Specific areas of interest include sectors related to the food industry, wine, agriculture production, and forestry. IDIA typically provides growth capital and can commit €1 to €50 million per transaction. IDIA is a unit of Credit Agricole Group’s Private Equity & Finance Division. The Firm is based in Paris.


DEAL STATS #
Overall 55 of 114
Sector: Food M&A 8 of 11
Type: Divestiture M&A Deals 1 of 2
Country: France M&A 54 of 112
Year: 2018 M&A 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Transarc

Dijon, France

Transarc provides transportation services in France. Transarc covers most segments of the passenger transport market by coach, in particular school transport, regular lines, individualized or on-demand transport, staff transport, tourism, etc. Transarc was founded in 1932 and is based in Dijon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Whiskeys du Monde

Merignac, France

Whiskeys du Monde is a distributor of spirits from around the world, the company unearths promising brands and ensures their development in France and Europe. Whiskeys du Monde was founded in 1999 and is based in Merignac, France.

Buy -

Seller(S) 1

SELLER

Avril Group

Paris, France

Category Company
Founded 1983
Sector Food
Employees7,350
Revenue 6.2B EUR (2017)
DESCRIPTION

Avril Group is an agro-industrial group, specialising in human nutrition, animal nutrition, renewable chemistry, and renewable energy. Avril Group was founded in 1983 and is based in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Sopral

Guichen, France

Sopral provides quality dry extruded food and flake feed for cats, dogs, and horses. Sopral was founded in 1957 and is based in Guichen, France.

Buy -