The law firm SCOTTO & ASSOCIÉS is advising the Picard Group’s management team in connection with its LBO

The investment firm BC Partners, the majority shareholder of the Picard Surgelés group, is in exclusive talks with Lions Capital regarding its acquisition offer, which values the group at approximately 1.5 billion euros.

The Picard Group posted revenue of 1.1 billion euros for its most recent fiscal year and employs more than 3,300 people across its 820 stores.

The French management team, represented by its Chairman and CEO, Philippe Pauze, was assisted in this transaction by the firm SCOTTO & ASSOCIÉS, with a team consisting of Lionel Scotto le Massese, Nicolas Menard-Durand, Claire Revol, and the tax team.

With this transaction, the private equity team at SCOTTOS & ASSOCIÉS reaffirms its position as a leader in advising management teams on the largest LBO transactions of the past decade (most recently Converteam, SGD, and Cegelec).