Founded in 1968 and based in Theix, near Vannes (Morbihan), Groupe d'aucy is a leading agri-food group in France in the appertized vegetables and culinary preparations market with revenue of €1.1 billion and more than 9,000 member farmers.
Groupe d'aucy is well known and draws in particular on the following strengths:
• a co-operative, flow-based model;
• independent governance with a strong economic culture;
• regional anchoring, guaranteeing product quality and traceability.
Organised around four business lines (upstream agriculture, vegetables and long-preserved prepared meals, eggs and meat), Groupe d'aucy is the French number one on appertized vegetables and egg products, as well as the European number one in diced bacon.
Groupe d'aucy sells its own-brand products (particularly well-known national brands such as aucy, Cocotine and Globus), as well as under private label brands to major retailers, agri-food manufacturers and out-of-home catering manufacturers.
ADVISO PARTNERS has advised Groupe d'aucy in the refinancing of its debt for a total amount of €210 million with a pool bringing together the main historical banks as well as new banking partners.
The syndication was conducted by Crédit Agricole du Morbihan as Mandated Arranger and Bookrunner, as well as Crédit Agricole CIB as Coordinator and Agent and Advisor to Caisse du Morbihan.
This refinancing operation enables Groupe d'Aucy to adapt its banking pool to its ambitions of developing its traditional business lines, multi-channel, international, its brand portfolio as well as external growth.
At the same time as this refinancing, Groupe d'aucy announced the merger with the Breton cooperative group Triskalia in December 2017 and approved by its General Meetings in July 2018. This merger took place on 2018/12/31 through the creation of a 50/50 union, which will eventually (around two years) evolve into a merger. This project will give rise to a French agri-food leader with €3.1 billion in revenue, comprising more than 9,000 employees and 20,000 member farmers, with the aim of achieving revenue of €5.0 billion by 2025.
