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Invest Group Zouari (IGZ) has entered into a promise to purchase with Lion Capital to acquire 100% of Picard Surgelés (with management).
Invest Group Zouari (IGZ), which is controlled by businessman Moez-Alexandre Zouari, has entered into a purchase promise with its co-shareholder Lion Capital to take 100% (including the company’s managers) of Frozen Picard. The businessman, who had been thinking about it for a long time, will thus become the sole owner of the French leader in frozen products created in 1974 and which today has 1,185 points of sale. With this transaction, Lion Capital will exit Picard’s capital after 15 years of presence.
“The upcoming acquisition of the entire capital of the Picard group reflects IGZ’s confidence in the company’s ability to continue its expansion and its desire to continue to support its growth strategy, as it has actively done for four years », Indicates the Family Office of the Zouari family in a press release. The transaction is expected to close during the first quarter of 2025.