Sidley is representing Apollo-managed funds (the Apollo Funds) in their acquisition of a majority stake in Prosol Group (Prosol), the multi-specialist in fresh food businesses and food retail in France, from Ardian. Prosol’s existing shareholders and management team will reinvest alongside the Apollo Funds.
Founded in 1992, Prosol has differentiated itself by building a proprietary, vertically integrated supply chain, sourcing fresh, quality products resulting in a highly loyal and fast-growing customer base. Prosol operates nearly 450 stores across France under two main banners: Grand Frais, where it provides the fruits, vegetables, dairy, and fish; and Fresh., a fully owned chain of stores that sell fruits, vegetables, dairy, fish, and meat.
The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals, and is expected to close in Q2 2026.
The Sidley team is led by partners Gerald Brant, Jonathon Hamill, and counsel Florian Kamp, supported by counsel Erika Cohen, managing associates Fran Gray, Camilla Tagliabue, John Ghazoul, and trainee solicitor Theo Sawkins (M&A/Private Equity). The broader cross-office team includes Jason Menzies, Peter Edgerton, Avi Kaye, and Megan Cox (Tax).
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