A Market Leader

Picard

A highly regarded, market leading retailer of frozen food

France
2001
Realised

In March 2001, Montagu backed the management of Picard, the leading French frozen food retailer, acquiring their business from Carrefour, the world’s second-largest food retailer.

Montagu was the second biggest investor in a €920 million transaction backed by a consortium of financial investors led by Candover and Chevrillon-Candover.

The investment was highly successful and, in October 2004, Picard was sold to BC Partners.