A strategic sale
∕ On March 30, 2022, Alain Glon Holding Asia, a French company active in food processing, biodegradable packaging and trading activities, sold its LeBoucher chicken brand to the GreenFeed Group, a specialist in animal nutrition, livestock breeding, slaughtering and pork preparation.
∕ Le Boucher Co. Ltd is a pioneering company in Vietnam in the slaughtering, cutting and packaging of chickens, equipped with modern, automated facilities. HACCP-certified, the company has established a brand name and reputation for quality. Based in Vietnam since 2015 and specializing in chicken and chicken by-products, the company has many customers in Vietnam such as McDonald’s or high-end retailer Annam Gourmet.
∕ This sale to GreenFeed Vietnam is part of the process of strengthening their portfolio, which to date contains 4 brands present in Vietnam: G Kitchen chilled pork and processed products, Mama Choice fresh pork, Wyn processed products and G-Lala broken rice.
∕ GreenFeed acquired 100% of Le Boucher shares. This transaction enables GreenFeed to strengthen its position on the meat market in Vietnam and offers Le Boucher growth relays thanks to the group’s international network.
A transaction led by Altios Corporate Finance
∕ Altios Corporate Finance was involved in the search for a buyer, the valuation and financial analysis of the Le Boucher brand (AGH Vietnam), the negotiation phases and the performance of Financial Due Diligence.
∕ Altios Corporate Finance’s role:
- Advising on an international divestment operation
- Search for a local, qualified buyer
- Financial analysis and valuation of the company
- Support in negotiating the terms and conditions for the purchase of 100% of the shares
- Advice on local business culture in the context of an international acquisition
- Carrying out financial due diligence in coordination with legal, social and tax due diligence
∕ With the completion of this transaction, Altios demonstrates its ability to support clients in complex strategic financial transactions on behalf of SMEs and ETIs in foreign markets via its integrated international network.
∕ This transaction is the fruit of close cooperation between Crédit Agricole Morbihan, the preferred bank of the Alain Glon Holding Group, and ALTIOS for the internationalization of Crédit Agricole Group customers.
∕ With its ALTIOS Corporate Finance center of expertise, the group confirms its positioning as an advisor in international Small & Mid-Cap external growth operations.
AGH testimonial
„ The common values shared by GREENFIELD MANUFACTURING Inc. and PROTEX INTERNATIONAL – commitment to innovation and constructive relationships with our American customers – will ensure a smooth integration and maximize synergies.”
Benoît GLON, Managing Director of LeBoucher (AGH Asia)
Testimonial Crédit Agricole du Morbihan
„ Crédit Agricole supports its customers across borders by drawing on its international network and partners. With Altios Corporate Finance, we are proud to have been able to support the AGH group in this operation in Vietnam”
Olivier HOUSSAY, Head of Credit and Corporate Market, Crédit Agricole du Morbihan
ALTIOS Corporate Finance testimonial
„ This new operation confirms Altios’ added value in managing cross-border transactions under the best possible conditions, positioning us as the trusted partner of SMEs and their ecosystems”
Alexandre KAPLAN, Director of Altios Corporate Finance
Contact Press: Alexandre Kaplan, M&A Director, a.kaplan@altios.com
