Picard

Partnership

CPC/Lion Fund II, CPC/Lion Fund III & CPC 2008 Co-Investment Pool

Sponsor

Lion Capital

Investment

2010

Realized

2018

Founded in 1974, Picard is the number one frozen food retailer in France, with a network of nearly 1,000 retailing outlets and a product range offering customers over 1,100 unique products under the Picard brand. Picard is consistently recognized by customers for its high quality, choice, convenience and value, and in 2014 was voted the favorite retail concept by French consumers. Picard also operates a small portfolio of stores in Italy, and has recently entered Sweden, Belgium and Luxembourg. CPC realized its investment in the business through a secondary sale.

www.picard.fr