LES VERGERS DU SUD successfully raised €12.5 million from multiple investors to enhance its growth strategy in the high-value fruit market.
Target Information
LES VERGERS DU SUD is a prominent producer of apples and melons, established in the 1990s. The group cultivates, stores, and packages over 46,000 tons of apples across 1,000 hectares of orchards in the South-Eastern and Western regions of France, as well as in Morocco. As the leading private apple producer in France, LES VERGERS DU SUD markets its products through BLUEWHALE, the country’s primary apple exporter, which consists of 300 affiliated fruit growers. This strategic partnership allows the group to access both national and international markets.
In 2016, the acquisition of SOLDIVE, France's largest melon producer, enabled LES VERGERS DU SUD to double its size and diversify its offerings into horticultural activities. The group now produces melons across four countries—France, Spain, Morocco, and Senegal—ensuring a year-round supply of melons.
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Industry Overview in France
The fruit production industry in France has shown robust growth, with an increasing demand for high-value agricultural products. Driven by consumer preferences for organic and premium fruits, producers like LES VERGERS DU SUD are
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AGRO INVEST, BNP PARIBAS DEVELOPPEMENT, ETOILE ID, GARIBALDI PARTICIPATIONS
invested in
LES VERGERS DU SUD
in 2023
in a Other VC deal
Disclosed details
Transaction Size: $14M
Revenue: $89M