Apollo Completes Majority Acquisition of Prosol Group’s 450-Store Fresh-Food Platform
Apollo-managed funds closed acquisition of a majority stake in Prosol Group from Ardian, gaining exposure to nearly 450 fresh-food retail stores across France. CEO Jean-Paul Mochet and existing shareholders have reinvested alongside Apollo, enabling planned expansion of the Grand Frais banner to new markets.
1. Acquisition Completed
Apollo-managed funds have finalized the acquisition of a majority stake in Prosol Group from Ardian, marking Apollo’s entry into the French fresh-food retail market. UBS served as lead financial advisor, supported by Royal Bank of Canada and Lazard, with Sidley Austin, Paul Weiss and Cleary Gottlieb as legal counsel.
2. Prosol’s Fresh-Food Operations
Founded in 1992, Prosol operates nearly 450 stores across France under banners including Grand Frais, fresh., La Boulangerie du Marché, mon-marché.fr, BioFrais and Banco Fresco in Italy. The company has built a proprietary, vertically integrated supply chain encompassing sourcing, production and logistics to ensure quality, traceability and rapid growth.
3. Strategic Impact for Apollo
CEO Jean-Paul Mochet and existing minority shareholders have reinvested alongside Apollo Funds, aligning management incentives with growth targets. The acquisition supports Apollo’s strategy to expand fee-generating businesses by scaling Prosol’s retail concept into new territories and driving long-term value for investors.