FrenchFood Capital has initiated exclusive negotiations to acquire a majority stake in JC David, alongside minority interests in Plantin and full ownership of Huguenin, collectively exceeding 40 million euros in investment to capture growth in the French agro-food industry.

Target Company Overview

FrenchFood Capital has renewed its focus on the dynamic agro-food sector by seeking exclusive negotiations to acquire a majority stake in JC David, a Boulogne-based company specializing in cold-smoked fish, which generates a revenue of approximately 12 million euros. In addition, the firm will take a minority stake in Plantin, a truffle product specialist with a revenue of about 40 million euros. Furthermore, they will be acquiring the Huguenin group, known for producing semi-prepared and ready-made products for high-end chefs, which has a revenue of around 28 million euros. The total investment for these transactions exceeds 40 million euros, reflecting the fund's commitment to the French agro-food market.

Industry Overview

The French agro-food industry has been gaining traction recently, fueled by changing consumer preferences towards high-quality and premium food products. French consumers are increasingly discerning about their dietary choices, leading to a shift towards superior ingredients and sustainable practices by producers. This trend not only requires companies to adapt their production and distribution methods but also stimulates significant investment in the sector.

The interest among financial investors in the agro-food industry has grown sharply over the past decade, with firms both in venture and growth capital recognizing the profitability poten