Private equity firm Ardian will acquire a minority stake in NUTRIPACK SAS from Crédit Mutuel Equity.

Financial details of the transaction were not disclosed.

Nutripack is a family-owned business that manufactures packaging for the food industry. The founding family will remain a majority shareholder in the company.

Advancy provided commercial due diligence, while Alvarez & Marsal provided financial due diligence to Ardian. Allen & Overy was legal adviser, and Indéfi provided ESG due diligence to Ardian. Satec provided insurance due diligence to Ardian.

Natixis Partners was mergers and acquisitions adviser, while De Pardieu Brocas Maffei was legal adviser to Crédit Mutuel Equity.

BNP Paribas, Société Générale, Crédit Agricole, Crédit Lyonnais, Banque Palatine and Banque Populaire du Nord provided financial assistance for the transaction.