Dupont Restauration, France's fifth-largest contract catering company, has reorganised its ownership, welcoming as new reference shareholders Crédit Mutuel Alliance Fédérale group subsidiary Crédit Mutuel Equity as well as Bpifrance alongside Pascal Dupont, who remains CEO and a significant shareholder, and management. Abenex, which had been a minority shareholder since 2010, has sold its interests as part of the transaction.

With sales of more than €180 million in 2016 and over 1,700 staff members, Dupont Restauration is one of the leading independent family-led groups in the French contract catering market. By linking up with solid, long-term financial partners, Dupont Restauration management is confirming its aim of maintaining dynamic organic growth and strengthening its ability to seize new acquisition opportunities, as it has successfully done in the last few years. The transaction is subject to the approval of the French anti-trust Authorities and should be effective in October 2017.

Dupont Restauration was founded in 1969 and is based in Northern France. It offers a multi-service approach: on-site catering (managing over 380 restaurants), meal delivery (from eight central kitchens) and supplying ingredients to independently managed kitchens.

The group offers high-quality meals made by foodservice chefs, and focuses on product quality, close ties with customers and responsiveness. The company customers are diversified and composed of corporate, healthcare & senior, and education sectors.

Dupont Restauration has a strong presence in Northern France and the Paris region. In the future it aims at gradually expanding its footprint, particularly into Southeast and Western France, Belgium and the island of La Réunion, where it built a central kitchen in 2015.

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Investors

Crédit Mutuel Equity

Bpifrance

  • Sébastien Moynot
    Managing Director
  • Céline André
    Principal
  • Alessandro Gonella
    Senior Investment Manager
  • Thäis Numeric - Analyst
  • Elise Carrera - Senior lawyer

Investor advisors

  • M&A and financing: Natixis Partners (Valérie Pellereau, Philippe Charbonnier, Simon Le Guillou, Sylvain Laforet)
  • Legal advisors & Due diligence: Goodwin (Thomas Maitrejean, Simon Servan-Schreiber, Adrien Paturaud, Sarah Paquay), Gate (Timothée Giard)
  • Financial due diligence: Odéris (Thomas Claverie, Noian Lebrot)
  • Strategic due diligence: CMI (Nicolas Kandel, Romain Girard)
Financing
  • CACIB (Olivier Malard, Cheikh Ba)
    CA Nord de France (Benjamin Vincent, Sophie Lefèvre)
    LCL (Quentin Viltart, Bao Chau Hang)
    Société Générale (Alice Bordenave)
    Palatine (Hervé Rinjonneau)
    Céréa (Fabrice Vidal, Marjorie Manet)
    Idinvest (Maxime de Roquette-Buisson, Emmanuelle Tanguy)
  • Dupont Restauration
    Pascal Dupont (CEO)
    Philippe Carlier (CFO)
  • Management advisors
    Juridis Conseil (Philippe Duthoo, Stéphan Blavier)

Vendors

  • Abénex
    Patrice Verrier
    Antoine Schouman
  • Advisors to the vendors
    M&A advisors: Lazard (Charles Andrez, Laetitia Fabre, Kevin Le Pelve)
    Legal advisors: DLA Piper (Xavier Norlain, Lou-Andréa Bouet)
    Financial vendor due diligence: EY (Laurent Majubert, Mathieu Jaud de la Jousselinière)
    VDD Juridique: EY (Quentin Wemaere)

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