The transaction closed on 12 July 2021. The proceeds of the transaction were used to refinance the existing financial indebtedness of the Prosol group and finance its general corporate purposes. Refinancing has been made by way of a syndicated TLB and a revolving facility.
Prosol group is the principal player of Grand Frais, a chain of quality fresh produce stores at competitive prices, grouping together five complementary food products in the same hall: fresh produce, fish, cream, butchery and grocery.
Latham advised Ardian in the refinancing with a Paris finance team led by partner Xavier Farde, and counsel Carla-Sophie Imperadeiro, with Virginie Terzic, and Matthieu Herviaux.