Océalia, a cooperative in France’s Nouvelle Aquitaine region, has raised EUR4 million from Unigrains and IDIA Capital Investissement through a capital increase of its diversification subsidiary, Sodevat, in order to finance the development of its downstream and distribution activities.
Sodevat’s management plans to use the funds to support future growth.
Philippe Delusset, President of Sodevat, says: “New investors with external views on our strategy and acting as a force of proposal for our development, in particular in the sourcing and analysis of external growth opportunities, is a real asset. We are delighted to begin this collaboration with Unigrains and IDIA to accelerate our growth projects.”
Bruno Julla, Investment Director with Unigrains, adds: “We are pleased to support a regional leader that is profitable, economically efficient, already well-structured and led by a high quality management team. Océalia is perfectly positioned to increasingly count amongst French cooperatives, thanks to its versatile profile and downstream investments.”
Matthieu Adoir, Senior Investment Manager with IDIA Capital Investissement, says: “This transaction is a new step in the close partnership between Océalia and the Crédit Agricole Group and reaffirms our confidence in the management team to carry out an ambitious development strategy.”
