Parquest acquires Sopral
Parquest finalizes its acquisition of Sopral from the Avril Group
Paris, le 30 novembre 2018 — Parquest Capital vient de conclure le rachat de la Société Sopral auprès du Groupe Avril.
This operation means that Parquest becomes the majority shareholder in Sopral, working alongside its current management team.
Through Sofiproteol, its finance and development company, the Avril Group becomes a minority shareholder in Sopral and will therefore continue to support the future development of the company in high-growth markets.
In addition, Idia Capital Investissement, Agro Invest and Unexo now hold minority stakeholdings in Sopral.
Founded in 1957, and an Avril subsidiary since 2010, Sopral is a French company specialized in the formulation, production and sale in more than 50 countries of innovative nutritional solutions for dogs, cats and horses.
Based in the Ille-et-Vilaine Department, France, Sopral operates two production units in Pléchâtel and administrative offices in Pont-Réan.
For Yannick Gheho, Sopral’s General Manager:
“In recent years, Sopral has achieved considerable growth in its pet nutrition activities, and notably its top quality products. Today, the company has reached an important stage that should enable it to accelerate its development in a global market that is currently seeing consolidation.”
Jean-Philippe Puig, CEO of the Avril Group continues:
“We were looking for a specialized partner capable of supporting Sopral’s plans for development, working with its management and Sofiprotéol. We share the same values with Parquest Capital and are convinced that this operation offers all the conditions necessary to successfully drive Sopral’s growth.”
For Denis Le Chevallier, Partner at Parquest:
“We are delighted to be able to provide support to the management team alongside our partners for its plans for development, both in France and internationally. We are sure that the quality of Sopral’s products and its premium positioning will enable the company to accelerate its growth.”
Details of the financial arrangements for this operation have not been made public.