Global asset manager Apollo is deepening its European private equity footprint, finalizing a deal for a leading French fresh-food retailer with a vertically integrated supply chain.
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Apollo acquires French food retailer Prosol and its 450 stores
Apollo Global Management (NYSE: APO) has completed its acquisition of a majority stake in Prosol Group, a French fresh-food retailer operating nearly 450 stores, for an undisclosed sum. The deal, finalized on May 7, expands Apollo's European portfolio and comes as the asset manager's AUM recently surpassed $1.03 trillion.
"Prosol has differentiated itself by building a proprietary, vertically integrated supply chain, sourcing fresh, quality products resulting in a highly loyal and fast-growing customer base," Apollo said in a statement announcing the completion of the deal.
The transaction sees Prosol's previous majority owner, private equity firm Ardian, exit its stake. Prosol’s existing management team, led by CEO Jean-Paul Mochet, and minority shareholders have reinvested alongside the Apollo-managed funds, signaling confidence in the company's growth trajectory under its new ownership structure. Financial advisors to the Apollo Funds included UBS AG, Royal Bank of Canada, and Lazard.
The acquisition marks another significant capital deployment for Apollo, which recently closed its Accord Fund VII with $1.9 billion in commitments for its dislocation investment series. For Prosol, the backing of a trillion-dollar asset manager provides substantial capital to accelerate the expansion of its Grand Frais and fresh banners across France, testing the resilience of its high-growth, quality-focused retail model in a competitive grocery market.
Founded in 1992, Prosol has developed a unique position in the French market by controlling its value chain from agricultural sourcing to retail distribution. This model ensures freshness and quality, which has cultivated a loyal customer following and allowed the company to grow to operate or supply nearly 450 stores.
The deal represents a strategic move for Apollo, diversifying its vast private equity holdings into the consumer staples sector in Europe. With approximately $1.03 trillion in assets under management as of March 31, 2026, Apollo has the resources to fuel Prosol’s long-term ambitions. The firm's continued active deal-making, including the recent closing of its seventh Accord fund, demonstrates its capacity to execute large-scale transactions across various sectors.
Prosol's leadership will continue under CEO Jean-Paul Mochet, who is tasked with steering the company's next phase of growth. The reinvestment by the management team is a strong indicator of their belief in the continued success of the business model in partnership with Apollo.
This article is for informational purposes only and does not constitute investment advice.
