Ardian acquires minority stake in Piz’wich

French private investment company Ardian has acquired a minority stake in Piz’wich, a takeaway frozen snack manufacturer.

Financial details of the transaction have not been revealed by either company.

The acquisition by Ardian will help Piz’wich to enhance its global network.

Piz’wich president Stéphane Delahaye said: “After experiencing very strong growth since 2012, we launched several product ranges and established partnerships with a number of retailers.

“We now wish to accelerate our international development, particularly in Germany, Italy, Spain, Benelux, the US and Canada, and strengthen our relationships with our local partners and distributors.

“For this next phase, Ardian was a logical partner because of its capacity to provide support in these key markets and its suitability aiding with our strategic challenges.”

Ardian Growth senior investment manager Frédéric Quéru said: “This is exactly the type of partnership Ardian looks for. We are looking forward to working with Piz’wich and supporting Stéphane with our international experience and expertise in hyper-growth strategies.

“Stéphane Delahaye’s dynamic approach makes this a very appealing project and we wish to provide him with the necessary means to implement his ambitious strategy.”

Ardian Growth has been a partner for profitable growth companies generating sales between €10 and €100m.