Ardian announces the signing of a deal to acquire a majority stake in Grand Frais the quality fresh food retailer.

Denis Dumont, founder, will reinvest alongside Ardian, as well its management team.

The group, which today operates over 185 stores and has a turnover exceeding one billion euros, has established itself as France’s preferred specialised food retailer (OC&C study, 2016).

Nathalie Jacquart, Head of LL Berg Tax department, advised the founder in this LBO.

DLA Piper, Ayache Salama and IXA were also involved in this transaction.