Le Cercle has successfully completed its primary LBO in partnership with FrenchFood Capital and Bpifrance

Le Cercle, a pioneer in reusable meal trays and a leading catering company in the Île-de-France region, is entering a new phase of development with an investment from FrenchFood Capital and the support of Bpifrance. This transaction also marks the appointment of Nathalie Grand-Morin, currently managing director, as the new CEO of the company.

Le Cercle is an impact-native and digital-native platform specializing in sustainable office meal delivery. The company offers a diversified, gourmet and elegant range of meal trays, buffets, cocktails, finger food, breakfasts and last-minute meal options. Le Cercle has built its success on solid fundamentals, including strong core values in its DNA such as local and seasonal cuisine, reusable containers, low-carbon logistics, waste management and positive social impact. With a solid, diversified and loyal customer base, the company operates a highly scalable fabless model and has established long-standing relationships with partners, providing end-to-end service and maintaining strong customer relations.

FrenchFood Capital is a French private equity fund specializing in the food and beverage sector. With US$462 million (€420 million) in assets under management, it invests in small and medium-sized enterprises (SMEs) and mid-sized companies across the entire value chain of the sector, including agriculture, distribution and trade, industrial services and consumer goods. Investment sizes range from US$3.3 million (€3 million) to US$27 million (€25 million).

Bpifrance is a French private equity fund that invests in French SMEs across all sectors.

Oaklins’ team in France acted as the exclusive financial advisor to Le Cercle’s shareholders on this transaction.