Food

Cafés Legal

N°3 in coffee production & distribution in France
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Nature of the deal

Debt

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Investment date

2018

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Country

France

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Status

In portfolio

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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.

CAPZA’s support helps us achieve our aim of consolidating our growth and our position as a major French brand of coffee, at the service of taste and our customers
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ALAIN FRYDMAN, CEO OF LEGAL
Transition
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