Apollo Funds have announced their acquisition of a majority stake in Prosol Group, enhancing its position in the French fresh food retail sector.

Information on the Target

Apollo-managed funds have agreed to acquire a majority stake in Prosol Group, a prominent multi-specialist in fresh food retailing in France, from Ardian. Established in 1992, Prosol has distinguished itself by creating a vertically integrated supply chain that ensures the sourcing of high-quality, fresh products. This commitment has resulted in a rapidly growing and loyal customer base. Prosol operates approximately 450 stores across France under two primary brands: Grand Frais, which focuses on fruits, vegetables, dairy, and fish, and Fresh., which provides an extensive range of fresh products including meat.

Prosol’s success is further bolstered by its collaboration with over 2,300 partners to source premium produce, coupled with a strong emphasis on delivering an exceptional in-store experience. The company has established an impressive brand reputation, particularly with Grand Frais, which enjoys high customer satisfaction ratings in France. Additionally, Prosol's portfolio features brands like La Boulangerie du Marché, mon-marché.fr, BioFrais, and Banco Fresco in Italy.

Industry Overview in France

The fresh food retail sector in France has experienced significant transformation in recent years, driven by changing consumer preferences towards quality and sustainability. As organic and locally sourced products gain popul