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Charles & Alice Group

Charles & Alice Group is a leading French manufacturer and distributor of fruit purées and fruit-based desserts.

The group distributes both branded and private label products and is a market leader in organic and No Sugar Added fruit purées in France. Headquarters in the South East of France, Charles & Alice employs over 350 people across two production sites close to the apple orchards. The company generates a turnover of c. €120m.

The Charles & Alice brand was launched in 2011 as a result of the merger of Hero France, a manufacturer of fruit purées and baby food, and Charles Faraud, a fruit and vegetable-based convenience food specialist.

Charles Faraud was bought out by CM-CIC in 2007, through a management buy-in led by the current CEO of Charles & Alice, Thierry Goubault. Charles Faraud subsequently acquired Hero France in 2010.

Investment Date

Sep 2013

Country

France

Business Description

Consumer Goods

Revenue at ACQ.

€120m

Employees at ACQ.

350

Investment Type

Secondary MBO

In addition to increasing the management’s investment in the business to over 20%, this deal will give Charles & Alice a major international investor which will be able to support the acceleration of our growth.