After buying out Multi Restauration Méditerranée in 2019, operating in the PACA (Provence-Alpes-Côte d'Azur) region, and Restauval in 2020, present in the Centre-Val de Loire region, the mass catering company Dupont Restauration is continuing its growth strategy in the regions through the acquisition of Armor Cuisine. The group, which generated a turnover of €250M in 2021, has been supported by its reference shareholder, Crédit Mutuel Equity, as well as Bpifrance since 2017.

This transaction will enable Dupont Restauration to accelerate its growth in Île-de-France where the group is already established with 100 restaurants and three central kitchens located in Yvelines.
Founded in 1975 and bought out in 2006 by Jean-Paul Albat, Armor Cuisine specialises in meal deliveries from its two central kitchens located in Bobigny (93) and Coulommiers (77). The company, which employees nearly 75 employees, generated a turnover of over €10m in 2021. The Deputy Director, Zeineb Pesnaux, has seen her management position strengthened, and will continue to work in the Dupont Restauration group. The advantage of this transaction is that both groups complement each other geographically in Île-de-France and their experienced directors, Pascal Dupont and Jean-Paul Albat, share the same values, favouring proximity with their customers and local, seasonal produce.

Through this transaction, the Dupont Restauration group is reaffirming its ambition to embody the “human-sized alternative” to the key players in the sector, strengthening its national position in meal deliveries, which is a current trend, including for private customers, which really took off during the health crisis in 2020 due to lockdowns and curfews. In 2020 and 2021, the group demonstrated the resistance of its financial and human resources when faced with the consequences of the Covid-19 pandemic, which had a major impact on the sector, thanks to the agility of its teams and the diversity of its activities and range of customers. In 2022, Dupont Restauration is fully focussed on the challenges of transforming mass catering, both in terms of CSR and new concepts that are adapted to the changing purchasing and consumption habits of its diners.

About Crédit Mutuel Equity

Crédit Mutuel Equity groups all the Capital Investment activities of Crédit Mutuel Alliance Fédérale : Capital Développement (Capital Development), Capital Transmission (Capital Transfer) and Capital Innovation.

Crédit Mutuel Equity provides capital support to directors at all stages of development of their companies - from start-up to transfer - giving them the resources and time required to implement their transformation projects. Crédit Mutuel Equity boasts over 350 directors who share their convictions and questions within a real network of entrepreneurs, which offers everyone, regardless of the nature of their project, the assurance of benefiting from the experience of others. By investing its own capital (3.5 billion euros), Crédit Mutuel Equity finances companies' projects with timelines that are adapted to their development strategy, in France, Germany, Switzerland, Canada and the United States.

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About Crédit Mutuel Alliance Fédérale

A first-rate French bank and insurance company, with over 75,000 employees, serving over 29 million customers, Crédit Mutuel Alliance Fédérale offers a range of services to individual customers, local professionals and companies of all sizes, via 4,500 points of sale. Among the most solid banking groups in Europe, its equity capital amounted to 53.2 billion euros and its CET1 ratio was 18.8% on 31 December 2021. Crédit Mutuel Alliance Fédérale groups the Crédit Mutuel funds of the following federations : Centre Est Europe (Strasbourg), Sud-Est (Lyon), Île-de-France (Paris), Savoie-Mont Blanc (Annecy), Midi-Atlantique (Toulouse), Loire-Atlantique and Centre Ouest (Nantes), Centre (Orléans), Normandie (Caen), Dauphiné-Vivarais (Valence), Méditerranéen (Marseille), Anjou (Angers), Massif Central (Clermont-Ferrand), Antilles-Guyane (Fort-de-France) and Nord Europe (Lille). Crédit Mutuel Alliance Fédérale also groups the Caisse Fédérale de Crédit Mutuel, the Banque Fédérative du Crédit Mutuel (BFCM) and all its subsidiaries CIC, Euro-Information, Assurances du Crédit Mutuel (ACM), TARGOBANK, Cofidis, Banque Européenne du Crédit Mutuel (BECM), Banque de Luxembourg, Banque Transatlantique and Homiris.

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About Bpifrance

The capital investments of Bpifrance are carried out by Bpifrance Investissement. Bpifrance finances companies - at every stage of their development - with credit, guarantees and equity capital. Bpifrance supports them with their innovation and international projects. Bpifrance also supports their export activity through a wide range of products. Consulting, its own university, networking and acceleration programme for start-ups, SMEs and midsize companies are also offered to entrepreneurs.
Thanks to Bpifrance, and its 50 regional branches, entrepreneurs benefit from a sole, local and efficient point of contact to support them in their challenges.

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  • Crédit Mutuel Equity
  • Frédéric Plas,
    Badri Ben Grine,
    Pierre Yvinec,
    Lise De Nicola
  • Bpifrance Investissement
  • Alessandro Gonella,
    François-René De Forton
  • Buyer experts
  • Legal consulting : Mermoz (Gilles Roux, Gaspard Le Pomellec, Fanny Périé)
    Financial due diligence : Oderis (Julien Passerat, Norian Lebrot, Noëlline Lemois)
Dupont Restauration group
  • Pascal Dupont
    Philippe Carlier
  • Sellers
  • Armor Cuisine (Jean-Paul Albat, Zeineb Pesnaux), BNP Paribas Développement (Ludovic Robert, Magali Verissimo)
    Financial consulting : BNP Paribas Conseil Corporate M&A Smidcap (Cédric Nourrisson, Isabelle Penaud, Mathieu Fauvel)
    Legal consulting : Lamartine (Clyve Monfredo, Céline Rapale)

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