Cafés Legal
A medium-term financing solution to help the company finish upgrading its production facilities and continue its innovation process.
Debt
2018
France
In portfolio
Number three in coffee production and distribution in France, Legal has been an emblem of French coffee for more than 167 years. In a growing market with changing consumption patterns, the company has been able to adapt and innovate through capsules, soft pods, single origin and organic coffee. In particular, the company was the first to launch, in late 2018, a 100% vegetable capsule, without plastic or aluminium, oxygen-tight, which avoids inserting it into an additional plastic packaging.
Context
Affected by a fire in 2016, Legal had to meet medium-term financing needs to finish upgrading its production facilities and continue its innovation process.
Ambition
Legal’s ambition is to return to growth and significantly improve its operating profitability while maintaining its DNA as a local and legitimate company in a dynamic market.
Our Role
After working in close collaboration with the management and shareholders to gain a clear understanding of Legal’s financial and strategic issues, CAPZA intervened through the Transition fund to arrange €5.4m of 5-year bond financing so that the company could finalize its investments and pursue its growth strategy.
