Haudecoeur, the French leader in ethnic food distribution, has restructured its capital with Apheon continuing as majority shareholder and introducing LFPI as a minority investor to support its growth strategy.

Target Company Overview

Haudecoeur, a French leader in the procurement, production, and distribution of ethnic food, is proud to announce a continuation of its partnership with Apheon as a majority shareholder to facilitate its ambitious growth plans. Apheon will divest its stake to an Apheon-controlled entity while maintaining majority ownership in Haudecoeur, extending its investment period. This transaction will also introduce LFPI as a minority investor. Notably, the Haudecoeur family and its management team will significantly reinvest in the Company, underscoring their commitment to Haudecoeur's next growth phase.

Industry Overview in France

Haudecoeur operates within the rapidly evolving ethnic food sector in France, which has seen significant growth due to demographic changes and an increasing consumer appetite for diverse culinary offerings. The Company provides an extensive array of products, including specialized rice, starches, spices, dry fruits, and pulses, boasting over 1,500 stock-keeping units (SKUs) marketed under well-known brands such as Riz du Monde and Profruit.

French consumers are becoming more open to global cuisines, propelling the growth of the ethnic food market, particularly products sourced from Maghrebi, Asian, African, and Antillean cultures. This shift is not only due to a growin