Deal Type: M&A
Closing Date: 2013
GF Group S.p.A. has sold the entire capital of Murisseries Industrielles Antillaises S.A.S. to Fruidor.
Murisseries Industrielles Antillaises is a French joint stock company based in Rouen and specialized in wholesale trade of fruits and vegetables.
GF Group (www.gfgroup.it) is a leading Italian group based in Albenga (SV) that imports and distributes fresh fruit and vegetables in Italy, France, Spain and Greece through an extensive network of companies. The Group is also involved in the in the cultivation of fruit produce with more than 9,500 hectares of cultivated land in Argentina, Cameroon, Chile, Costa Rica, Mexico, Portugal and Spain, from where it exports throughout the world. GF Group owns and operates some refrigerated cargo ships that are used to provide a regular weekly service between Central America and the Mediterranean and provides port terminal and logistic facilities in Italy, France and Spain.
Fruidor (www.fruidor.fr) is a French group specialized in the importation, ripening and distribution of bananas in France. Fruidor is market leader in France with a network of 9 ripening plants and more than 160 ton. of bananas ripened each year.
Role of Lyra:
Lyra Partners acted as financial advisor to the Seller.
Tasks of Lyra included:
- Assistance to GF Group in the negotiation of the transaction up to the closing
- Coordination of due diligence activities