Apollo has acquired a majority stake in Prosol Group, a leading French fresh food retailer, expanding its market presence.
Quiver AI Summary
Apollo has successfully acquired a majority stake in Prosol Group, a French fresh food specialist and food retailer, from Ardian. Prosol, founded in 1992, has established a strong reputation with its unique vertically integrated supply chain that ensures fresh, high-quality products, contributing to a loyal customer base and rapid growth. The company manages nearly 450 stores in France, primarily under the brands Grand Frais and fresh. Prosol's CEO, Jean-Paul Mochet, will continue leading the company to further its expansion goals. Financial advisory services were provided by UBS AG, Royal Bank of Canada, and Lazard, with legal counsel from several firms including Sidley Austin LLP. Apollo, a global asset manager with about $1.03 trillion in assets under management, aims to leverage its expertise to support Prosol's growth.
Potential Positives
- Apollo's acquisition of a majority stake in Prosol Group expands its footprint in the fresh food retail sector in France, enhancing its portfolio and market presence.
- Prosol's established supply chain and customer loyalty indicate strong growth potential, promising favorable returns for Apollo's investment.
- The collaboration with Prosol's existing management team positions the company to leverage their expertise in achieving long-term growth ambitions.
- This acquisition adds approximately 450 retail locations to Apollo's operations, potentially increasing customer reach and revenue streams.
Potential Negatives
- Acquiring a majority stake in Prosol could suggest a significant investment risk for Apollo, particularly in the volatile fresh food market, which may face challenges such as supply chain disruptions, changing consumer preferences, or increased competition.
- The press release does not provide detailed financial terms of the acquisition, leaving stakeholders uncertain about the financial impact or the valuation of Prosol, which could raise concerns regarding transparency.
- The statement lacks a clear outline of how the integration of Prosol will take place, which could result in operational challenges or misalignment during the transition period.
FAQ
What is the acquisition made by Apollo?
Apollo-managed funds have acquired a majority stake in Prosol Group, a fresh food and retail specialist in France.
Who are Prosol Group's existing shareholders?
The existing minority shareholders and management team of Prosol have reinvested alongside the Apollo Funds in this acquisition.
What brands does Prosol operate?
Prosol operates nearly 450 stores in France under the brands Grand Frais and fresh, among others.
Who will lead Prosol after the acquisition?
Jean-Paul Mochet will continue to lead Prosol as Chief Executive Officer following the acquisition by Apollo.
What financial advisors assisted in the acquisition?
UBS AG was the lead financial advisor, with Royal Bank of Canada and Lazard also providing advisory services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have completed the previously announced acquisition of a majority stake in Prosol Group (“Prosol” or the “Company”), the multi-specialist in fresh food businesses and food retail in France, from Ardian, a global private investment firm. Prosol’s existing minority shareholders and management team have reinvested alongside the Apollo Funds.
Founded in 1992, Prosol has differentiated itself by building a proprietary, vertically integrated supply chain, sourcing fresh, quality products resulting in a highly loyal and fast-growing customer base. Prosol operates and/or supplies nearly 450 stores across France under two main banners, Grand Frais and fresh. Chief Executive Officer Jean-Paul Mochet will continue to lead the Company as it sets out to achieve its long-term growth ambitions, expanding Prosol’s distinctive retail concept to more customers.
UBS AG served as lead financial advisor to the Apollo Funds, while Royal Bank of Canada and Lazard also served as financial advisors. Sidley Austin LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP and Cleary Gottlieb Steen & Hamilton LLP served as legal counsel on the transaction.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2026, Apollo had approximately $1.03 trillion of assets under management.
About Prosol
A leading player in specialised food retail in France, PROSOL has been developing an integrated, fresh-food-focused model for more than 30 years. By exercising full control over the value chain — from agricultural sourcing to distribution — the company ensures freshness, quality and traceability, in support of better eating for all.
Designed as a true infrastructure dedicated to taste, PROSOL’s model is built on long-term partnerships with carefully selected producers, in-house expertise in product enhancement and maturation, proprietary production facilities, and a dedicated, high-performance logistics network.
With nearly 450 points of sale, PROSOL operates a portfolio of complementary retail brands, including Grand Frais, fresh., La Boulangerie du Marché, mon-marché.fr, BioFrais, and Banco Fresco in Italy. Within Grand Frais stores, the company directly operates the fruit and vegetable, fish, dairy and cheese departments, as well as butchery departments in the Paris region and Eastern France.
Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
[email protected]
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
[email protected] / [email protected]
