Advention acts as strategic advisor on deal involving Groupe IDI

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Groupe IDI, the listed France-based private equity firm, along with the management of Isla Delice, the France-based meat delicatessen, frozen and ready meal producer, has acquired the company in a management buyout transaction, from Naxicap Partners, the France-based venture capital firm, for an undisclosed consideration.

Under the terms, Jean-Daniel and Frederique Hertzog, the founders of Amalric, has retained their 51% stake in the company. Amalric reported revenue of EUR 50m in the year 2014. The transaction has been financed with senior debt financing arranged by BNP Paribas, Societe Generale, Banque Populaire Rives de Paris and Caisse d'Epargne et Prevoyance Ile-de-France and mezzanine financing arranged by Tikehau Investment Management.

The tranaction will enable Amalric to strengthen its leadership by expanding its offering in France. The tranaction will also enhance Amalric to expand overseas.

Prior to the acquisition, Naxicap Partners held 49% stake in Amalric.

Source Link:
Groupe IDI press release, 22 July 2015

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