2013
Deal completed
2020
Exit
Food
Sector
01
Business
Preserved cooked meals / pasta sauces
Cofigeo is the French leader of ambient prepared meals and operates under several brands Raynal & Roquelaure, William Saurin, Zapetti, Panzani and Garbit. With more than 1,500 employees and 8 manufacturing sites, Cofigeo generates c. €300 million of sales.
02
Strategy
Consolidate Cofigeo’s leadership
The Company was executing an ambitious investment plan to leverage commercial and industrial synergies by (i) optimizing its industrial organization, (ii) revamping its product offering, (iii) accelerating its diversification into new market segments such as out-of-home catering, and (iv) implementing a new marketing and merchandising strategy. MBO & Co’s partnership with Mathieu Thomazeau was marked by the major acquisition of William Saurin in 2017 allowing Cofigeo to more than double its size and become the undisputed market leader.
Entry
Primary MBO
2013
Exit
Secondary MBO, sale the management team, led by Mathieu Thomazeau (CEO), and to historic financial sponsors
2020
03
Value Creation Path
Structuring the company
• Appointment of several high-level independent board members
• HR assessment in order to ensure that organisation was suited to the Group’s new size (Cofigeo + William Saurin)
• Strengthening of the organisation with the recruitment of 5 C-level executives
Company transformation with the acquisition of the market leader William Saurin
• Turnover x2.5 from €130m to €320m
• EBITDA x2.5
• Number of employees increased by 850 FTEs
• Number of industrial sites went from 3 to 9 sites
Revenue
