Arterris, Crédit Mutuel Equity and UI Investissement completed the acquisition of a majority stake in Occipain from Initiative & Finance.

Arterris, an agricultural cooperative, Crédit Mutuel Equity, a private equity arm of Groupe Crédit Mutuel, and UI Investissement, a private equity firm, completed the acquisition of a majority stake in Occipain, a manufacturer and distributor of frozen raw bakery and viennoiserie products, from Initiative & Finance, a private equity firm. Financial terms were not disclosed. "I am very happy to seal this association between our two Occitan companies, which share the same values, the same culture and the same objective of feeding our territory together. This association represents a crucial step in our common commitment to strengthen local ties, support our regional producers and offer our consumers the best of our terroirs," Guillaume Moly, Occipain President.