Haudecoeur is the leading ethnic food company in France. It has over 3,000 references and strong brands (e.g., Samia, Riz du Monde, Legumor, 555) dedicated to customers with foreign origins.

Objective

Invest in the undisputed leader in the French ethnic food market with a strong historical track record (long-term growth and proven cash flow generation) and significant growth potential (e.g., products range expansion, further geographical penetration, M&A, etc.), benefitting from the resiliency of the food sector in general and the strong underlying growth of the ethnic food market. True partnership with the Haudecoeur family (involved at the Board of Directors) and a new and strong management team installed in light of this primary transaction.

ENTRY
Jul 2019
TREND

Increasing Market Cycle Risk; Demographics, Economic Development & Aging population

COUNTRY

France

SECTOR

Consumer

The Team

Wolfgang de Limburg - Team Apheon
Wolfgang de Limburg
Managing Partner | 
Belgium, France, Germany
View
Patrick Gavoty - Apheon Team
Patrick Gavoty
Partner, Head of Sustainability | 
France
View
Alexandre Larnicol - Apheon Team
Alexandre Larnicol
Senior Associate | 
France
View

Related News

Our manifesto: contributing to the development of sustainable finance

Sustainability generates long-term and higher value

Apheon’s ambition is to contribute to the development of sustainable finance by placing sustainability at the core of its strategy and demonstrating by example that it delivers higher and better value for portfolio companies and investors.
 
We are convinced that businesses that respect the planet, that look after their employees and that support their communities will in turn attract the best talent, differentiate themselves from their competition and ultimately emerge as the strongest in the future.

A holistic and collective approach

To succeed with this strategy, Apheon believes a holistic and collective approach is fundamental.

Holistic: it is essential that all aspects of ESG are equally and continuously supported. This is why we are active at every stage of the investment cycle by applying proprietarily developed methodologies and initiatives which are built on 5 priorities covering the broad ESG spectrum:

  • Sustainable revenues (strategy): increasing, when applicable, the share of revenues which directly benefit the environment and/or society

  • Carbon (environment): reducing emissions

  • Talent (social): creating a positive working environment which will attract, develop and retain the best talent

  • Youth, diversity and inclusion (societal): fostering a more inclusive society

  • Transparency (governance): reporting on metrics transparently, and being transparent on potential obstacles
Collective: we believe that it is only through collective action that we can create significant impact. This is why it is our intention to pull together Apheon’s entire ecosystem to undertake our ESG initiatives. This includes mobilizing our employees, portfolio companies, investors, external experts, charitable organizations, public institutions and peers. At this time of global transition, we believe that sustainable finance plays a key role in advancing towards a sustainable planet and society. Financial players, in particular private equity firms such as Apheon, are in a position to drive forward action by leveraging their business model of transforming companies. Apheon is keen to play such role and to move forward every day with humility but also conviction.