Eight Advisory carried out the Due Diligence for the refinancing of Prosol. In parallel, the Eight Advisory Avocats team carried out the legal and tax Due Diligence.
Prosol, a Lyon-based chain of fresh food stores, has opted for a refinancing from its main shareholder Ardian.
Ardian, a major French investment fund, has been supporting the company since 2017 alongside some co-investors. Prosol is growing rapidly, with a turnover of €2,000m in 2020 and new expansion, particularly in Italy.
After considering a sale at the beginning of the year, Ardian finally decided to refinance the company. The amount of this transaction is €1,382m.
The Eight Advisory team was composed of Pascal Raidron, Christian Berling, Christophe Delas and Sandrine Vouillon.
The Eight Advisory Avocats team was composed of Guillaume Rembry, Hubert Christophe and Jérémy Cosma.