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.
“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.
“The completion of the Nactis deal took years, from beginning to completion, for many reasons that were mostly out of our control. Oaklins’ team in Italy accompanied us in this process – from the initial contact to closing – with professionalism, patience and many proactive proposals. Without their cooperation, the deal would never have happened.”
It was a great pleasure to work with the Cavendish team again having originally worked with them when we sold Naked Wines to Majestic Wine in 2015. John, Rebecca and the team rigorously assessed the market to find the right new owner for a business with dedicated staff and suppliers and the right deal to achieve Naked’s goal of realising capital and simplifying the business.
“We chose Oaklins to assist us in this project because they are the most experienced corporate finance advisor in the horticulture sector and at the same time have a local and experienced team in Belgium. By operating as one team, they offered us the best of both worlds.”
“Oaklins was the right partner to professionally manage the process. They assembled an experienced team who carefully took into consideration the preferences of a family-owned business. At every step along the way, we enjoyed working together with Oaklins’ team in the Netherlands, who showed great persistence to make this transaction a success.”
“For us who founded the company and managed it during its 30 years of existence, Oaklins was the perfect partner for our sale. The team planned and executed our process, supported and guided us through the whole process. The combination of industry insight, professional craftsmanship and uncompromising dedication, made it a valuable contribution from an owner’s perspective.”
“For 30 years, the team has advised Arran Isle on strategic transactions. We selected them to manage the divestiture of our US operations not just because of this relationship, but also their sector knowledge, and critically, their value realization proposition. They were with us every step of the way and did a great job throughout, ultimately delivering a strong value on the time schedule set forth at the outset of the process. The team managed communication and negotiations with professionalism and vigour. The team’s industry knowledge, attention to detail and total immersion in every aspect of the transaction were truly impressive. We sincerely appreciate their efforts and the result they achieved for us.”
“When we launched the M&A process with the Oaklins German team in the spring of 2018, it was important to us from the start to find a new majority shareholder who is familiar with our industry and who ensures that our employees will have a long-term future in Fraureuth. We are very proud of what we have achieved with our loyal and valued employees over the past 25 years. We believe to have found an ideal partner and are looking forward to working with Avedon.”
Recent Deals for Consumer & Retail Sector
Intelling Group Limited
Neighborly & KKR
Margaret Dabbs London
Best World International
Lay & Wheeler
La Tua Pasta