In March 2001, Montagu backed the management of Picard, the leading French frozen food retailer, acquiring their business from Carrefour, the world's second largest food retailer.

Montagu was the second biggest investor in a €920 million transaction backed by a consortium of financial investors led by Candover and Chevrillon-Candover.

The investment was highly successful and, in October 2004, Picard was sold to BC Partners.

Deal details


Year of entry

2001


Year of exit

2003


Country

France


Status

Realised


Back to all portfolio