€M 200 investment capacity for Céréa Mezzanine III
The double final close comes shortly after that of Céréa Dette I on €M 268 in April 2016, above its initial objective, and provides Céréa Partenaire with the means to achieve its ambition of being the privileged investor-partner for Agrobusiness companies seeking to accelerate their growth.
The funds received strong support from European institutional investors including insurers, pension funds, funds of funds and banks as well as some private investors. Unigrains, sponsor of Céréa Partenaire, continues to support the team and provided 16% of the capital raised.
Céréa Capital II At €M 225, 70% larger than its predecessor, Céréa Capital II surpassed its €M 200 initial objective. The Fund focuses on majority or co-majority stakes in primary and secondary buy-outs, hand-overs, acquisitions, spin-offs and PtoP in Western European Agrobusiness companies between €M 20 and €M 250.
Several advanced opportunities are currently under review and three have already been completed:
Krampouz, the global leader in professional crepe makers and top of the range cooking equipment
Cérélia, the European #1 in ready-to-bake chilled doughs for pies, pizzas, cakes and pastries
La Comtoise, a major French player on the processed cheese market
Céréa Mezzanine III
With an investment capacity of €M 200, Céréa Mezzanine III is roughly 60% larger than its predecessor and was raised in just 7 months, largely surpassing its initial objective. The Fund provides mezzanine financing for acquisitions and organic growth projects as well as leveraged transactions and shareholding restructuring for Western European Agribusiness companies, arranging financing between €M 2 and €M 50. Three operations have already been completed (Pacific Pêche, Europe Snacks and Sasa Industrie) and two others are currently being finalized.
With €M 268 in commitments, the first generation of the Céréa Dette program surpassed its initial objective by over 30%. The Fund provides senior loans, private placements and unitranche bonds for buy-outs, growth investments and business funding with underwriting between €M 5 and €M 50. Since its launch, the fund has seen a solid investment pace with nearly two thirds of the capital deployed through 17 investments.
The Investor-Partner of Choice in Agrobusiness
The successful dynamic demonstrates the pertinence of Céréa Partenaire's innovative model which combines the deep knowledge of a sector specialist with the flexibility of a full service investment platform. Dedicated to European SMEs across the Agrobusiness spectrum (food, agro-industry, distribution, catering, equipment, packaging, logistics and related services), Céréa Partenaire is the financial and strategic partner of choice, whether it be through buy-out, mezzanine, unitranche, debt financing or private placement.
Led by Michel Chabanel, with Gilles Sicard for equity investments and Fabrice Vidal for mezzanine financing and senior debt, the Céréa Partenaire team is composed of 16 investment professionals; one of the largest
and most experienced teams dedicated to Agrobusiness. More than 80 transactions have been completed since 2004.
Michel Chabanel, CEO of Céréa Partenaire, declared:"We are proud of the trust investors have placed in our approach and their eagerness to gain exposure to the Agrobusiness opportunities we have identified in France and Western Europe. Effectively doubling in size and scope, Céréa Partenaire is now more than ever positioned to add value, leveraging our dedicated, sector expertise and a complete range of financial solutions to best meet the needs of companies."
priority to the project of Céréa Partenaire"s Management TeamParis, July 26th,
2019 - Unigrains, the agri-food and agro-industry specialized investor, has signed
an agreement with the Management of Céréa Partenaire, associated with
institutional investors, for the sale of its third-party management subsidiary.The agreement covers 100% of Céréa Partenaire shares and its three
activities: Buyout, Mezzanine, and Senior Debt.In the context of this project, the Céréa Partenaire Management Team
would become the [...]
12ème investissement de Céréa Dette II : Financement de la reprise du Groupe Codorniu par le Fonds Carlyle. Le
Fonds Céréa Dette II a participé au financement de l'acquisition par
Carlyle du groupe espagnol Codorníu aux côtés de la famille fondatrice.
Les fonds Céréa Dette réalisent ainsi leur deuxième investissement en
Espagne. Fondé en 1551 par la famille Raventos et plus
ancienne société privée d'Espagne, le groupe Codorníu est un des leaders
de la production de Cava (vin pétillant) et de vins sur lesquels [...]
Céréa Dette II a arrangé un financement de 10 M€ destiné au refinancement d'obligations convertibles existantes.Créée
à Lézignan-Corbières (Aude) dans les années 80, La Compagnie des
Desserts (« CDD ») est spécialisée dans la production et la distribution
de glaces artisanales et de pâtisseries surgelées à destination des
restaurants indépendants et des chaînes de restauration et d'hôtellerie,
avec un modèle hybride unique en France associant les activités de
fabricant et de distributeur.Le Groupe est par [...]
Céréa Partenaire, the
Investor-Partner of Agrobusiness companies, has committed to the fight against
climate change by becoming a signatory of the Climate Initiative 2020. This
initiative is the fight collective commitment of the French private equity
industry in favor of responsible and transparent management of greenhouse gas
emissions of portfolio companies.
By joining this initiative, Céréa Partenaire is teaming
up with its private equity peers in a long-term commitment to reduce greenhouse
gas emissions of the companies it [...]
Le fonds Céréa Dette II a réalisé son 9ème investissement en participant au financement de l'acquisition par Investindustrial du groupe Italcanditi, dans le cadre de la mise en place d'une nouvelle dette senior. Céréa Dette réalise ainsi son deuxième investissement en Italie.Fondé en 1963 par Angelo Goffi, le groupe familial italien Italcanditi est un transformateur d'ingrédients et fabricant de préparations à base de fruits confits, confitures, crèmes et marrons glacés à destination des industriels de l'agroalimentaire [...]
Le Fonds Céréa Mezzanine III a arrangé le financement mezzanine mis en place dans le cadre du rapprochement
entre Le Goût du Naturel (LGN), holding de La Croissanterie, et le groupe Rush, propriétaire des enseignes de
restauration Maison Pradier et Roberta.
Fondée en 1859, Maison Pradier est une enseigne de restauration rapide (assise et à
emporter) haut de gamme, historiquement spécialisée dans les pâtisseries. Depuis sa
reprise par M. David Lascar en 2011, l'enseigne a connu un développement rapide (18
restaurants à date à [...]
The family business founded in 1947 and led by Pierre Ickowicz, grandson of its founder, opens its capital to Céréa Capital II
Based in Bollène (Vaucluse, France), Icko Apiculture is a family business specialized in the design, sourcing, manufacturing and marketing of beekeeping supplies and equipment for BtoB (resellers, professional beekeepers, gardening stores) and BtoC (amateur beekeepers) clients.
Icko Apiculture's broad and diversified offer covers all the needs of a beekeeper: beeswax, nutrition products, beehives, tools and [...]
€M 217 invested to finance the development of 15 companies over the last 12 monthsCéréa Partenaire, the investor-partner of French and European Agrobusiness companies, invested €M 217 in private debt to finance the development of 15 companies over the last 12 months. This is a record level of activity for the Private Debt team which acted as arranger or co-arranger on most of the transactions.
The dynamic deployment follows the fundraising of Céréa Partenaire's two latest Private Debt vehicles, currently being invested:Céréa [...]
Antwerp (BE) / Louhans and Paris (FR), 30 October 2018 - Created in 1994 in Louhans (Saône-et-Loire) by Michel Vanhove, La Comtoise develops and supplies tailor-made cheese solutions to industrial food processing groups, which are integrated into prepared foods such as breaded escalopes (cordons bleus), grilled ham and cheese sandwiches (croque-monsieur), sandwiches and hamburgers. Backed by Cerea Capital II and Unigrains since 2015, La Comtoise has achieved impressive growth to reach a turnover of EUR 33 million with a headcount of 37 [...]
Céréa Capital II, alongside the management and Unexo, has acquired, from Linxis Group, owned by the IK VIII Fund advised by IK Investment Partners, the three companies of its cheese and dairy division: Chalon-Mégard, Tecnal et Simon Frères.
Linxis Group, formerly Bretèche Industrie, is a supplier of equipment for the agri-food, pharma and cosmetics industries. It has ceded the three companies of its dairy division to focus on its equipment activities for bakery and beauty/health sectors.
The dairy division, renamed Synext Group, is the [...]
Fund reaches target size in less than 7 months Céréa Partenaire raises more than 1 billion euros in 3 years Céréa Partenaire, the investor-partner of Agrobusiness companies, held the first closing of Céréa Dette II. With more than €M 300 in commitments, the Fund surpasses its predecessor and reached its target size at the first closing in under 7 months of fundraising. The hard cap is maintained at €M 350 in order to respect the Fund's positioning and a final closing is expected shortly.
Subscribers are all institutional investors [...]
Céréa Capital II, managed by Céréa Partenaire, alongside the company's management and supported by Capzanine and Céréa Mezzanine, has acquired, from PM&Partners, Monviso, an Italian manufacturer of crackers, bread substitutes and sweet and savory biscuits.
With 130 employees and 4 facilities in northern Italy, Monviso had sales of approximately €M 36 in 2017, more than one third of which from exports. It is composed of two branches, Monviso (biscotto salute, bruschetta line, breadsticks, crackers and recently cookies under its own [...]