Veil Jourde advises the Crédit Agricole group in the context of its investment into Cafés Folliet

Veil Jourde advises three subsidiaries of the Crédit Agricole group – IDIA Capital Investissement, CADS Développement and CASRA Capital – in the context of their investment into Cafés Folliet, a Savoyard roaster and distributor with century-old know-how.

This operation, which also marks the arrival of Garibaldi Participations and Bpifrance as new partners, recomposes the shareholding of the family group around its manager, Bernard Folliet.

Founded in 1880 in Chambéry, Cafés Folliet employs more than 250 people and achieves a turnover of around 70 million euros. With its 18,000 customers, it is a major French player in supporting CHR (cafe owners, hoteliers, restaurateurs).

The support of new investors will allow the group to continue its development, extend its territorial coverage, enrich its product and service offering, but also to deal with its CSR challenges, in particular to meet the demanding criteria of IDIA Capital Investissement’s  “Ambition Agri Agro Investissement” fund.