• Picard Surgelés is the leader in France in the creation and distribution of frozen food (17,5% market share). Sales are split between raw products and value-added prepared foods aimed at a high-end customer base, mainly senior, urban and female. The group also has 680 stores across France (city centre or out-of-town retail park locations).

• http://www.picard.fr

INVOLMENT OF CAPZANINE IN 2005

• Nature of the deal: Secondary LBO

• Capzanine was convinced by the quality of the company, in terms of both competitive positioning and development potential, to provide mezzanine financing to help fund growth.