Transaction

Clearwater advises Initiative & Finance on the sale of Groupe Occipain (La Panetière) to Arterris, UI Investissement, and Crédit Mutuel Equity

Transaction

Initiative & Finance on the sale of Groupe Occipain (La Panetière) to Arterris, UI Investissement, and Crédit Mutuel Equity

Sell-side

Undisclosed

Role

Adviser to Initiative & Finance on the sale of Groupe Occipain (La Panetière) to Arterris, UI Investissement, and Crédit Mutuel Equity

Sector

Consumer
Food & Beverage

Region

France

Clearwater has advised Initiative & Finance, a major player in private equity in France, on the sale of Groupe Occipain (La Panetière), to Arterris, UI Investissement, and Crédit Mutuel Equity.

Founded in 1936 in Aveyron, France, Occipain, is a manufacturer and distributor of frozen raw bakery and viennoiserie products, boasting over 200 references. The group is integrated through a strong regional presence, with a network of 208 points of sale, including 124 wholly owned outlets and 84 under brand license, along with 68 stands in markets and fairs. Its brands, La Panetière and Secrets de Pain, are spread across the Occitanie and Nouvelle Aquitaine regions and supplied by a logistics centre in Montauban.

To accelerate its growth and geographical footprint, Occipain has been supported since 2016 by Initiative & Finance as a majority shareholder alongside Guillaume Moly, Chairman and CEO. With 690 employees, Groupe Occipain achieved €61m in sales in 2023.

Arterris and Guillaume Moly now own approximately 75% of the group, with UI Investissement and Crédit Mutuel Equity supporting the transaction by acquiring the remaining approximately 25%.

baked cookies

Occipain is a unique entity in the dynamic bakery sector, covering every aspect of the value chain, from production to distribution, through highly optimised logistics. In collaboration with Initiative & Finance and Guillaume Moly, we explored various solutions and devised a hybrid approach combining a major industrial player in the flour sector, Arterris, and two investment funds, UI and Crédit Mutuel Equity, which will be able to support the network's growth while maintaining high profitability. The Clearwater team is particularly honoured to have supported this transition.

Philippe Guezenec, Managing Partner, Clearwater

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