FrenchFood Capital is divesting its stake in Pierre Martinet to Groupe LDC, enhancing LDC's product portfolio and market reach in the catering sector, subject to regulatory approval.

Target Information

On October 28, 2024, FrenchFood Capital announced the planned divestment of its stake in Pierre Martinet to Groupe LDC, contingent upon approval from the Competition Authority. FrenchFood Capital, through its managed fund Agro Invest, acquired a significant position in Pierre Martinet in 2019, facilitating the recent organic growth of the family-owned group, which had been predominantly managed by its eponymous founder.

In 2023, Pierre Martinet reported nearly €230 million in revenue and employs over 700 people across five production facilities in France. As a leading player in the catering salad sector, the group produces and markets its products under the Pierre Martinet brand, alongside its seafood salad line under the La Belle Henriette brand (acquired in 2010 in Vendée), and its charcuterie and savory pastry products through Maison Randy (acquired in 1997 in Lyon). Notably, Pierre Martinet is the top brand in the couscous category for Retail Distribution.

Industry Overview

The French food industry, particularly in the catering segment, has shown robust growth and innovation. With increasing consumer demand for convenience and health-conscious options, companies in this sec