Cerea Partenaire and Unigrains SA, the France-based private equity firms along with the management of Ste Comtoise de Specialites Fromageres, the France-based manufacturer of cheese products, has acquired the company, in a management buy out transaction, from Ouest Croissance SCR and Industries & Finances Partenaires SA, the France-based private equity firms, for an undisclosed consideration.
The management team led by Mr. Michel Vanhove, the President and Founder of Comtoise, will retain a minority stake in the company. Comtoise reported revenues of EUR 26m in 2014 with a workforce of 35 employees. Industries & Finances made an 18% return on investment. In June 2007, Industries & Finances along with some external management, had acquired Comtoise, in a management buy in transaction.
Unigrains SA press release, 04 September 2015 (French)