Maison Pradier & Roberta / La Croissanterie
Groupe Rush, which operates the brands Maison Pradier and Roberta, has been acquired by La Croissanterie, a leading fast food restaurant chain in France. Financial details have not been disclosed.
Groupe Rush operates around 25 casual restaurants in Paris under the Maison Pradier and Roberta brands. Founded in 1859, the French bakery Maison Pradier has diversified and now sells a complete range of snacks which vary from one season to the next. Sandwiches, salads, daily specials and smoothies now complement its traditional range of cakes and pastries, including the Maison Pradier chocolate eclair, voted best in Paris by Figaroscope in 2015. Roberta is a traditional trattoria serving North Italian cuisine.
Created in 1977, La Croissanterie is a leading player in the French style fast food market with a network of 300 outlets. It provides a wide and diversified offer from breakfast to lunch and snack (pastries, sandwiches, salads, desserts, hot and cold drinks). La Croissanterie has developed a strong and historical franchise partnerships with leading oil companies such as Total, with food and beverages outlet operators such as Casino and Autogrill, and also with Elior, Relay, Avia and SSP, which are the main retail operators in train stations and airports. The combination of the three brands is expected to generate revenues of over US$170 million.The transaction has been backed by CM-CIC Investissement and GIMV, which had taken a majority stake in La Croissanterie in 2017 through a buy-out operation.
Oaklins’ team in France advised the seller in this transaction.
“This transaction is huge for our business as we look to continue our growth journey. We’re very excited to have raised enough capital from a leading impact investor to expand our market-leading position and maintain standards of excellence across all our products. We’re hugely grateful to the team at finnCap, who played a fundamental role, in what we hope, will be a very exciting growth story.”
“We are delighted with the support received from the finnCap Cavendish team throughout this process. Mike and the team ensured that we prepared meticulously, identified the right pool of potential investors and worked closely with us, the management team and our legal advisers to deliver a great outcome for the Shareholders. We wish the Intelling team and RDCP all the best in their next phase of growth.”
“I would like to thank all of those involved in the process that has concluded with us ultimately choosing Neighborly as our partner going forward, those at finnCap Cavendish and our CFO Mike Bergin, without whom this would have not happened.”
Thank you to the Cavendish team for your unwavering support throughout this process. Finding a strategic overseas partner to allow me to realise my global ambition was my number one aim, and this has been achieved. In the current market the result you have delivered is exceptional.
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