Haudecoeur (backed by Apheon) Acquires Cepasco

Apheon and LFPI Recapitalize Haudecoeur

November 28, 2024

Food & Beverage

Apheon has restructured its ownership of Haudecoeur by transferring its stake into an Apheon-controlled vehicle and extending its majority position, while LFPI joins as a minority investor. The Haudecoeur family and management are materially reinvesting; the recapitalization will provide additional capital and an extended time horizon to support organic growth and a targeted add-on acquisition programme across Europe.

Haudecoeur, backed by Ergon, acquires Palais Impérial

September 30, 2020

Food & Beverage

Haudecoeur — supported by Ergon Capital Partners IV and the founding Haudecoeur family — has acquired Palais Impérial, the French leader in green tea, from Nicolas Pacheny and Arnaud Gillier, who are reinvesting in the combined group. Palais Impérial, based in the Paris region with reported revenue of €14 million, will be integrated into Haudecoeur to broaden its branded tea offering and strengthen the group's position in France and Europe.

Apheon Acquires Majority Stake in Salpa

December 21, 2023

Food & Beverage

Apheon, a pan‑European private equity firm, has acquired a majority stake in Salpa, an Italian producer of cookie-based ingredients and inclusions for the industrial ice cream, dairy and confectionery sectors. The Cherubini family and Italian PE firm Equinox sold their stakes while the Cherubini family and management reinvested as minority shareholders; Apheon will support Salpa's planned international expansion and growth.

Vandemoortele Acquires Dolciaria Acquaviva from Apheon

May 29, 2024

Food & Beverage

Belgian family-owned food group Vandemoortele has acquired a majority stake in Dolciaria Acquaviva S.p.A. from pan-European private equity firm Apheon. The deal gives Vandemoortele a stronger foothold in Southern Europe and Italy’s frozen bakery market while enabling further international expansion of the Dolciaria product range and industrial footprint.

Apax Acquires Majority Stake in CEME Group

March 17, 2022

HVAC & Mechanical

Apax (with Société Générale Capital Partenaires and BNP Paribas Développement) has signed an agreement to acquire a majority stake in CEME Group, a French leader in electrical and HVAC engineering and maintenance. The transaction (subject to competition approval) reorganises shareholding to exit Azulis Capital and the Desbruères family and aims to accelerate organic growth and M&A to expand regional presence and capabilities in energy efficiency and related services.

Champlain Financial Corporation-Led Group Acquires Dion Herbs & Spices

May 17, 2021

Food & Beverage

A group of Quebec investors led by Champlain Financial Corporation has acquired Dion Herbs & Spices. The deal secures leadership succession to André Fortier, Jean-François Bieler and founders' children Marie-Andrée Morin-Dion and Samuel Morin-Dion; financial terms were not disclosed. Dion offers roughly 450–600 spice varieties across nine product categories and is sold in over 1,000 retail locations in Canada and the United States.