Ardian acquires a stake in My Pie

January 2024 — The shareholders of My Pie have completed a primary minority LBO with Ardian.

My Pie is the leading French producer and distributor of hot snacks to supermarkets. Its development has been based on a unique value proposition for retailers, consisting of providing a turnkey offer to supermarket chains, ranging from display cases that keep products warm to a wide range of hot snacks (pies, quiches, pizzas, croque-monsieur, pasta box and gratins). My Pie has established itself as a market leader with an annual growth of more than 90% over the last three years, by responding to a previously unmet retailer and consumer’s demand: a complete range of hot and ready-to-eat snacks, available in supermarkets under an easily identifiable My Pie brand. The company operates a manufacturing plant with five production lines, achieving an average rate of approximately 2,500 snacks per hour. After five years of operations, My Pie is present in 2,500 points of sale in all major French food retail chains (Carrefour, Auchan, Franprix, Casino, Monoprix and Leclerc) and across all store formats (hypermarkets, supermarkets and convenience stores) and keeps expanding into more than 60 new points of sale per month in France and neighboring countries.

Ardian is a world-leading private investment house managing or advising US$160 billion of assets on behalf of more than 1,560 clients globally. Ardian’s expertise includes private equity, real assets and credit. Its main shareholding group is its more than 1,050 employees, spread across 19 offices in Europe, the Americas, Asia and Middle East, who are strongly committed to the principles of responsible investment and are determined to make finance a force for good in society.

Our role in the transaction

Oaklins’ team in France acted as the exclusive financial advisor to the shareholders of My Pie in this LBO.