ARDIAN – ACQUISITION OF PROSOL
Pan European private equity firm Ardian has announced the acquisition of a majority stake in Prosol Group from its founder. Financial details of the transaction have not been disclosed. Based in France, Prosol Group is the parent company of fresh food retailer Grand Frais which operates over 185 stores and has a turnover exceeding one billion euros. The investment will be made from Ardian’s Mid Cap Buyout Fund.