OC&C provide sell-side support for Lion Capital in Picard Surgelés sale to Invest Groupe Zouari (IGZ)

We’re pleased to have supported with sell-side due diligence to Lion Capital, having sold its majority stake in French frozen food group Picard Surgelés, to Invest Groupe Zouari (IGZ).

Picard Surgelés is a leading frozen food specialist retailer, distributing high-quality and innovative products under the Picard brand. With over 1000 stores in France alone and growing international footprint, Picard Surgelés is regularly voted as the French favourite retailer in France. Lion Capital invested in the company 14 years ago to support the network expansion and international growth, with IGZ entering in 2019.

IGZ will thus control Picard Surgelés capital. This transaction is expected to take place during the first quarter of 2025.

We look forward to seeing the continued success of Picard Surgelés and IGZ.

OC&C and Private Equity

We’re a leading global strategy consultancy, with deep expertise in the food & beverage and grocery sector, working with both major global corporations and local champions. In private equity, we have commercially advised on more than 500 successful transactions over the last 5 years, encompassing sell-side and buy-side roles.

How we can help:

• We provide commercial due diligence and vendor due diligence for transactions.
• We assist investors with accelerating or improving their portfolio companies’ performance.
• We help investors identify potential investment themes or assets to target.
• We can translate your investment thesis into an actionable 3-5 year value creation plan.

For more details on our experience in this space get in touch.