A platform of financial solutions in equity,
mezzanine and senior debt



CAPITAL BUYOUT

Cerea Partners organizes and financing buyout transactions of growing and profitable Agrobusiness companies. With its perfect knowledge of markets and having completed more than 25 transactions, the team works alongside managers and supports them in achieving their development objectives.


Modalities
  • Buyout, succession, spin-off, PtoP and OBO transactions
  • Investments from €M 10 to €M 50
  • Enterprise value generally between €M 20 and €M 200

Philosophy
  • Invest in buyout opportunities in support of growth projects
  • Actively participate in creating real value
  • Seek osmosis the management teams


Private Debt / Mezzanine

Cerea Partners is the reference partner for Agrobusiness companies in private debt having completed more than 70 transactions. The team offers a broad palette of financing solutions in mezzanine, unitranche and senior debt.


Modalities
  • Financing the corporate development, external growth, buyout transmission or strengthening equity of companies
  • Investments from €M 5 to €M 70
  • Enterprise value generally between €M 30 and €M 300

Advantages of Mezzanine
  • Allow shareholders to maintain control of their company
  • Strengthen the financial structure of a company by providing “quasi-equity”
  • Strong alignment with shareholders and management


Private Debt / Unitranche

Cerea Partners is the reference partner for Agrobusiness companies in private debt having completed more than 70 transactions. The team offers a broad palette of financing solutions in mezzanine, unitranche and senior debt.


Modalities
  • Financing the buyout, development, general needs or investments of companies
  • Investments from €M 5 to €M 70
  • Enterprise value generally between €M 30 and €M 300

Advantages of Unitranche
  • Enable shareholders to access leverage in a fast-track process
  • Reimbursement of principal in fine, flexibility
  • Facilitate the financing of development, productivity or external growth investments


Private Debt / Senior Debt

Cerea Partners is the reference partner for Agrobusiness companies in private debt having completed more than 70 transactions. The team offers a broad palette of financing solutions in mezzanine, unitranche and senior debt.


Modalities
  • Financing for the buyout, development, general needs or investments of companies
  • Investments from €M 5 to €M 70
  • Enterprise value generally between €M 50 and €M 500

Advantages of Senior Debt
  • Long term financing (between 5 and 8 years, or longer)
  • Reimbursement of principal in fine, flexibility
  • Diversification of financing sources, complementary or substitutive to that of banks




Cerea Partners News

  •
    Hubert Lange rejoint l’équipe Capital Transmission de Cerea Partners en tant que Managing Director

    Après 15 ans au sein de l’équipe Private Debt de Cerea Partners, Hubert Lange rejoint l’équipe Capital Transmission en tant qu’Associé et Managing Director.Diplômé d’HEC et de Wharton, Hubert a commencé sa carrière en 1990 en audit chez Arthur Andersen puis en conseil en stratégie au BCG où il a effectué des missions pour plusieurs groupes agroalimentaires. En 1998, il a rejoint Paribas Affaires Industrielles (devenu PAI Partners) où il a participé à des investissements en capital dans la chaîne de valeur agroalimentaire [...]

  • Cerea Partners prend une participation majoritaire au capital de l’artisan chocolatier pâtissier nantais Vincent Guerlais pour accélérer sa croissance

    Cerea Partners, l’investisseur partenaire des entreprises de l’univers agroalimentaire, annonce aujourd’hui son entrée au capital de la chocolaterie pâtisserie Vincent Guerlais, aux côtés de ses fondateurs, pour accélérer son développement dans le Grand Ouest.Une marque unique de l’univers du chocolat haut de gamme et de la pâtisserie fine, entre tradition, créativité et savoir-faire.Installé depuis 1997 à Nantes, date de l’ouverture de sa première boutique rue Franklin, Vincent Guerlais, fondateur du groupe éponyme et [...]

  • Cerea Partners investit dans Obyo Groupe, distributeur de produits d’hygiène professionnelle, aux côtés de son management et du groupe Sofia pour soutenir sa stratégie d’acquisition

    Filiale hygiène du Groupe Sofia, Obyo Groupe réorganise son capital avec l’entrée minoritaire de Cerea Partners pour accélérer sa croissance et sa stratégie de consolidation du marché de l’hygiène professionnelle.Obyo : spécialiste régional de la distribution de produits et services d'hygièneBasé à Saint-Nazaire, Obyo est un spécialiste de la distribution de produits, d’équipements et de services d’hygiène. Il commercialise une large gamme avec plus de 10.000 références. Il s’adresse à de nombreux segments de [...]

  • Cerea Partners finance en dette le développement de Naturacare, participation de Dentressangle

    Cerea Partners est rejoint par BNP Paribas Asset Management pour arranger la dette unitranche destinée à financer l’acquisition par Naturacare de Sochim International, spécialiste italien des softgels, réalisée le 12 février dernier. Ce financement fait suite à une première intervention de Cerea Partners, en tant qu’arrangeur de la dette unitranche initiale, pour financer l’acquisition du groupe Naturacare par DENTRESSANGLE en octobre 2023.Grâce à cette nouvelle opération, le groupe consolide sa place dans le top 10 des [...]

  • Cerea and Demeter: Agreement Signed with a View to Merge

    Cerea Partners and Demeter Investment Managers are excited to announce the signing of a major strategic agreement for a merger of equals. This union will give rise to Demea Invest, a leading player in private equity and private debt investments in startups, SMEs, and mid-sized companies, driven by an ambitious vision.Through this merger, the two management companies - historical leaders in their respective fields of the agri-food value chain (Cerea) and the energy and ecological transition (Demeter) - are combining their investment experience [...]

  • Cerea Partners cède sa participation dans Axium Packaging à SGT, groupe industriel français

    Cerea Capital, investisseur thématique, annonce la cession de sa participation majoritaire dans Axium Packaging, fabricant d’emballages en plastique, à l’industriel français SGT, fabricant de préformes et bouchons en plastique pour l’agroalimentaire. Cette cession ouvre une nouvelle étape de croissance et de synergies industrielles pour ce groupe élargi.Une croissance soutenue par des investissements ciblésAxium Packaging est un fabricant d’emballages (flacons, pots et bouchons) en plastique (principalement du PET vierge et [...]

  • Les Boulangeries Lebreuilly accélèrent leur développement avec le soutien d'investisseurs engagés

    Paris, le 7 janvier 2025 - Les Boulangeries Sophie LEBREUILLY amorcent une nouvelle phase de développement ambitieuse, portée par une recomposition du capital couplée à un renforcement des fonds propres, pilotée par FrenchFood Capital et Cerea Partners. Sofiprotéol, Epopée Gestion, IRD, NextStage et Finorpa participent à cet investissement pour soutenir la forte expansion du réseau.Cette croissance s’appuiera sur le financement et l’expertise de l’ensemble des investisseurs, dont celle de FrenchFood Capital, actionnaire [...]

  • Cerea Partners affiche en 2024 un record de distributions

    En 2024, Cerea Partners, investisseur thématique, a franchi un record historique de redistribution à ses souscripteurs sur l’ensemble des stratégies d’investissement, en multipliant par 3 ses retours par rapport à 2023. Ce record depuis la création de Cerea Partners en 2004 dépasse de près de 3 fois les montants appelés au cours de l’année.Une gestion dynamiqueCe résultat exceptionnel est le fruit d’une gestion dynamique du portefeuille. 25 sorties ont été réalisées, en augmentation de 67 % par rapport à 2023, dont 22 [...]

  • Cerea Partners cède le fabricant italien de biscottes, biscuits et gressins Monviso Group à Argos Wityu

    Fondé en 1936, Monviso Group commercialise ses produits en grande distribution, dans les réseaux spécialisés bio, en RHF et auprès d’industriels de l’agroalimentaire ; sous marques propres, principalement dans le Nord-Ouest de l’Italie, et sous marques tierces, notamment pour une marque leader du segment sans-gluten. Il emploie près de 160 personnes dans 5 usines dans le Nord de l’Italie.Monviso Group réalise environ 60 millions d’euros de chiffre d’affaires dont 40% à l’export, contre 35 millions d’euros lorsque Cerea [...]

  • Lancement d’un fonds dédié au financement de la transition des PME/ETI de l’Arc Atlantique

    Un fonds innovant géré par Cerea Partners et sponsorisé par les Caisses d’EpargneCerea Partners, pionnier français de l’investissement en dette mezzanine et fort d’une solide expérience d’investissement en région, annonce le lancement du fonds : Mezz Ouest Solutions (MOS). Il s’agit du premier fonds de dette mezzanine régional de Cerea Partners destiné à apporter de nouvelles solutions de financement pour accompagner la croissance et la transition des PME et ETI de l’Arc Atlantique. Cette initiative est sponsorisée par la [...]

  • Cerea Partners accompagne la réorganisation capitalistique du groupe MG2MIX, acteur français de référence du « firme-service » en nutrition animale

    Le groupe MG2MIX réorganise son capital autour de ses cadres clés pour accélérer sa croissance avec l’entrée de Cerea Partners.Cerea Partners, via son fonds Cerea Mezzanine IV, structure une opération sponsorless visant à accompagner MG2MIX, groupe français, indépendant, spécialisé dans la conception et la fabrication de prémix et de minéraux. Ces produits jouent un rôle essentiel dans la production d’aliments complets à destination de nombreuses espèces animales (volailles, ruminants, porcs, chevaux, animaux de compagnie, [...]

  • Le groupe Marbour, leader européen des poches de riz minute en Private Label, réorganise son capital avec l'entrée de Cerea Partners, BNP Paribas Développement et Société Générale Capital Partenaires

    Paris, le 06 septembre 2024 - Le groupe fondé en 1987 est aujourd’hui leader européen du marché du riz préparé en poches à réchauffer au micro-ondes en deux minutes pour les marques de distributeurs ou les marques nationales.Holding familiale historiquement diversifiée autour de deux pôles d’activités (les services à l’industrie et l’agro-alimentaire), Marbour s’est spécialisé dans la production de plats cuisinés à base de riz en poches micro-ondables, vendus en Marque de Distributeur ou en co-packing pour des marques [...]

  • Le fonds Cerea Partners investit dans le Groupe familial grassois Isnard, dans le cadre d’un LBO primaire aux côtés de son fondateur, conseillé par la SG

  • Under the leadership of its management team and on the back of sustained growth since 2020, Labelys Group is reorganising its capital structure with the support of its historical financial partners EMZ and Bpifrance, as well as three new investors: Florac

    Founded in 2018 by Grégoire Desmettre and Julien de Swaan with the support of Bpifrance, Labelys group is a European leader in designing and printing of high value-added self-adhesive labels for several business sectors such as cosmetics, industry, food, wine & spirits and web-to-print.Since EMZ acquired a stake in the company and Bpifrance reinvested in 2020, Labelys has nearly tripled in size thanks to sustained organic growth driven by the group's strong sales momentum and a vigorous M&A strategy that has enabled it to strengthen its [...]

  • Axium Packaging announces the acquisition of Silte

    Neuilly-sur-Seine, 8 November 2023 Backed by Cerea Partners (majority shareholder) and Bpifrance, Axium Packaging, which specialises in the manufacture of PET, recycled PET, PP and PCR PP jars, bottles and closures for the Hygiene-Beauty and Agri-Food markets, announces the acquisition of Silte in Italy.Silte, a family-owned SME based in Budrio near Bologna in Italy, specialises in the manufacture of extrusion blow-moulded and cold cycle blow-moulded jars and bottles for the Italian Hygiene-Beauty, Cosmetics and Detergents [...]

  • Cerea Partners announces a record closing for its Cerea Mezzanine IV fund

    Cerea Partners announces a record closing for its Cerea Mezzanine IV fund At €300 million, the Cerea Mezzanine IV fund exceeds its predecessor by 50%, confirming investor interest in the 4th vintage of Cerea Partners' mezzanine funds.Cerea Partners, a thematic investor driven by one ambition: "better nutrition, better production, better living", is proud to announce the closing of Cerea Mezzanine IV. The fund has reached a size of €300 million, a record raising for the strategy. This achievement underlines the attractiveness of [...]

  • Cerea Partners takes a majority stake in AB Process Ingénierie, a French company that designs and integrates custom robotic and automated solutions, alongside the CEO and founders

    Cerea Partners, a pioneering investor and partner for companies in the food & beverage industry, today announced its acquisition of a stake in the group composed of AB Process Ingénierie and Coaxial Technologie, alongside CEO Brian Boulanger, the group’s founders, Bpifrance and regional partners Sodero and Unexo. Former majority shareholder Trajan is using the opportunity to reinvest in the new deal. This marks the third investment by the Cerea Capital III Fund, which completed its initial closing in summer 2022. Founded in 2008 [...]

  • Cerea Partners presses ahead with its fast-paced development, raising 3 new funds and strengthening its teams

    Paris, 10 May 2023 – Cerea Partners, a pioneering investor and partner for companies in the food & beverage universe, has launched 3 new funds, raising almost €700 million and lifting its total assets under management to €1.3 billion.Cerea Partners is advancing along its trajectory of rapid expansion and has strengthened its teams by making 6 new hiring over the past 18 months.The management company is also sharpening its focus on the sustainable values of better nutrition, better production and better living through investments [...]

  • Cerea Partners enters exclusive negotiations with Seventure Partners to acquire majority stake in Polaris

    Cerea Partners, the investor-partner of the food & beverage universe companies, has entered into exclusive negotiations with a view to acquire a majority stake of Polaris alongside the Company’s management and current shareholders who are reinvesting significantly in the transaction (Seventure Partners, with its Health for Life Capital™ II fund, and Picama) as well as French regional investors. Since its inception in 1994, Polaris has become a major and recognized player in the field of the purification and concentration of oils [...]

  • ProNoïa, a major franchise partner of KFC in France, raises €85 million in financing to accelerate its development

    ContextPierre TRITZ, President of ProNoïa, is a successful entrepreneur who has been operating KFC restaurants under franchise since 2013.Headquartered in Pau (64), ProNoïa has, by the end of January 2023, 26 KFC restaurants in the South-West, in Ile-de-France and in the Centre-East region, a number that has been growing rapidly for the last 2 years, with the opening of about 15 restaurants since mid-2021.With the support of a motivated and experienced team, ProNoïa has demonstrated its expertise in developing franchised restaurants as well [...]

  • Cerea takes a majority stake in Groupe Ethique & Santé, a leading player in the medical and dietary treatment of the overweight

    Cerea Partners, the investor-partner of the food & beverage universe companies, announces today that it has acquired a majority stake in Groupe Ethique & Santé, alongside the founder and CEO Rémy Legrand and group’s employees. This first investment of the Cerea Capital III Fund amounts to € 13.5 million.Created in 2009 by Rémy Legrand, Groupe Ethique & Santé currently operates a network of franchised locations specialized in the overweight’s treatment pending MD prescription. The group has experienced a very strong growth since its [...]

  • Cerea Partners arranges the unitranche financing for the acquisition of Nutrimuscle Group

    On July 12, 2022, Cerea Partners arranged the unitranche financing for the acquisition of Nutrimuscle group by the fund Bluegem, its co-investors and the management.Founded in 1993, the Nutrimuscle group produces and distributes food supplements for sports nutrition and well-being, with a sales model that is almost exclusively direct to consumers through its own website.French pioneer of Direct-to-Consumer sports nutrition, the group has developed a complete range of sports nutrition products (proteins, amino acids, energy bars), health and [...]

  • Cerea acquires Chocmod, the leader in chocolate truffles

    On 23 November 2021, Cerea completed the acquisition of Chocmod, the world’s leading producer of chocolate truffles. Ghislain Lesaffre and Antoine Fortin, former majority shareholders, are reinvesting and supporting the handover of the managerial reins to Emmanuel Bois.Founded in 1948 in Roncq near Lille (France), Chocmod was taken over by Ghislain Lesaffre and Antoine Fortin in 2008. It has enjoyed very strong international growth since then, which notably led to the setting up of a production unit in 2011 in Saint Jean [...]

  • Cerea Mezzanine Funds support the family-owned Hafner group in financing its acquisition of Naturellement Gourmand

    Founded in 1929, the Hafner group is a well-known family business specializing in the fresh industrial pastry sector (cream pastries, pies, eclairs) and ready-to-stuff pastries such as pie crusts and puff pastries. Led since 2012 by Nicolas Sesmat, the group has pursued a strategy of modernisation of its industrial facilities and acquisitions, which has enabled it to become a major player in its markets with 3 production sites in the Loire, Savoie and Yvelines regions, as well as a small production plant in Canada.On July 28, 2021, Hafner [...]

  • Cerea Dette II takes part in the senior acquisition financing of Babcock Wanson

    On July 8, 2021, Cerea Dette II invested in the senior acquisition financing of Babcock Wanson, on the occasion of the group's takeover by Kartesia from FCDE. Founded in 1896, Babcock Wanson ("BW") is a European leader specializing in industrial heating equipment and solutions, designed in particular for the food & beverage sector which accounts for 40% of the group’s turnover. The group benefits from a unique European positioning thanks to (i) the design and manufacture of a complete range of boilers and burners designed for [...]

  • Cerea Dette II invests in Omni-Pac Group senior acquisition financing, the first « Green LBO » on the French market

    Founded in 1977 in Brittany, France, Omni-Pac Group (previously Cellulose de la Loire « CDL »), is a leading European producer of moulded fibre packaging and responsible solutions, targeting mainly the poultry (the Group’s historical activity), fruits and vegetables and medical markets, as well as new applications.CDL achieved strong growth in the past few years, completing in the process two major build-ups bearing attractive commercial and industrial synergy potential: Germany-based Omni-Pac, acquired in 2016, and UK-based Moulded Fibre [...]

  • Cerea Mezzanine II exits Megg Invest (Omni-Pac Group)

    The Cerea Mezzanine II Fund has fully exited Megg Invest on the occasion of the company's sale to Latour Capital.In 2014, Cerea Mezzanine II financed Motion Equity Partners' acquisition of Celluloses de La Loire (CDL) alongside the management team led by Renaud Malarre. Driven by its excellent knowledge of the company and close relationship with the management team, Cerea Mezzanine II provided a unitranche bridge solution enclosing guaranteed funds which enabled the buyer to secure exclusivity for the takeover of the group from Cerea Capital. [...]

  • Cerea Dette II co-arranges senior acquisition financing for Nutrisens group

    On the 28th of April 2021, Cerea Dette II co-arranged a senior acquisition financing for health nutrition provider Nutrisens, on the occasion of Sagard's takeover of the group.Nutrisens is a French and European leader in health nutrition, supplying medical establishments (hospitals, retirement homes, pharmacies) with a wide range of nutritional products dedicated to the needs of elderly and/or vulnerable individuals suffering from dysphagia (swallowing disorders) or undernourishment.The group meets its clients' requirements through two [...]

  • Cerea Mezzanine IV first closing exceeds previous fund size and reaches over 85% target size

    Cerea Partners completed the first closing of its 4th Mezzanine fund at the end of April. The Fund has reached more than 85% of its target size, with an investment capacity of approximately €215 million exceeding the size of the 3rd fund.Cerea relied on the loyalty of its historical LPs, but also on the trust of new French and European investors. This round is mainly made up of institutional investors (banks, insurance companies...) but also includes a number of family offices.This successful fundraising confirms strong investor confidence [...]

  • Icko Apiculture group speeds up its development

    Owned by Cerea, Pierre Ickowicz and the management team since the end of 2018, Icko Apiculture concludes its 3rd acquisition in 2 years in order to expand its footprint across France.Icko Apiculture is the European leader in the distribution of beekeeping Equipment and consumables. Created in 1947, Icko is committed to supporting beekeepers and to protecting bees.The Group distributes the widest range of products available in its market, with more than 4,500 references, and is expecting to achieve a turnover of €40 million in 2021.With the [...]

  • Cerea Partners provides financing for the buyout of Plantex Group

    By supporting Mérieux Equity Partners in the buyout of Plantex Group, Cerea Partners demonstrates once again the breadth of its sector focus and its commitment to the health / functional food segment.On 18th December 2020, the Cerea Mezzanine III fund arranged a mezzanine debt to finance the acquisition of Plantex Group by Mérieux Equity Partners alongside long-time shareholders.Established in 1990, Plantex specializes in the production of natural plant extracts dedicated to the nutraceutical (food supplement), [...]

  • Cerise & Potiron brings in Cerea Partners as a new equity partner

    On July 30th, 2020, Cerea Partners, acting through its Cerea Mezzanine III fund, invested in a sponsorless transaction alongside Mr. Eric Chetail and his management team aimed at strengthening their control of Cerise & Potiron group and embarking on a new development phase for the company.An emblematic brand in Lyon and its surroundings, Cerise & Potiron group is a network of city-center grocery stores dedicated to fruits and vegetables. The stores are mainly located in the Rhône-Alpes region. Founded in 1985, the group first developed under [...]

  • Cerea supports the growth of Axium, the PET & R-PET plastic packaging solutions specialist

    On 25th June 2020, Cerea Partners, acting through its Cerea Capital II fund, acquired the family-owned Axium group, the PET (recyclable) & R-PET (recycled) plastic packaging solutions specialist, in a primary LBO transaction. The group CEO and his team have reinvested significantly, while Bpifrance acquired a minority stake in the company. Based in France, Axium mainly designs and manufactures plastic packaging solutions for the food, healthcare and beauty sectors. The group's products are divided between flasks, plugs, and [...]

  • Cerea acquires Pagès Group, the automation solutions' specialist

    On 28th May 2020, Cerea and the company's management finalised the acquisition of Pagès Group, the specialist for high performance automation systems. Innovafonds, the previous shareholder, significantly reinvested in this new operation.Since its inception in 1984, the group has developed a unique expertise, renowned globally, in robotic In-Mold Labeling (IML) systems, thus placing it as the global leader in this niche market.Under the initiative of Yannick Ains, the group's CEO, who succeeded Philippe Olichon in 2016, the group [...]

  • Cerea acquired by its team

    Cerea Partners has been acquired on 25th October 2019 by its management team. The firm was previously owned by Unigrains, its sole shareholder since its inception in 2004. Following this transaction, the team now owns 87.0% of the management company's share capital. Two historic Limited Partners of Cerea funds, MACSF and SMABTP, have lent their support to the team and now own, respectively, 8.7% and 4.3% of the management company. The transaction will not affect day-to-day business as its 26 employees will continue to channel Cerea [...]

  • Cerea Dette II makes two new investments in Spain

    Cerea Dette II makes two new investments in Spain, financially supporting the transfers of Palacios and Pastas Gallo groups. With these two new investments, the Cerea Dette II Fund totals 3 investments in the Spanish territory, in line with its international expansion. These two investments also form the 9th and 10th private debt investments of Cerea Partners since the beginning of the year. Cerea Dette II financially supports the Spanish fund MCH in the buyout of the Palacios group from Carlyle Founded in [...]

  • Cerea Capital II sells its majority share in Krampouz to SEB Group

    The transaction was finalised on 30th September 2019. Krampouz specialises in designing, manufacturing and marketing high-end ready to use catering appliances. Major specialist for professional crepe makers and waffle makers, the company is also a well-known player in the outdoor catering equipment sector (stainless steel plancha, etc.) Products are marketed to catering professionals at 55% gross revenue, the private and public sector at 45%, in France at 69% and export at 31%. Deeply rooted in Brittany, [...]

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Cerea Partners, société de gestion de portefeuille agréée par l'Autorité des Marchés Financiers sous le numéro GP-04000051