Apollo to acquire Prosol from Ardian.

Apollo, an alternative investment manager, agreed to acquire Prosol, the multi-specialist in fresh food businesses and food retail in France, from Ardian, a private equity firm. Financial terms were not disclosed. “Prosol is a clear category leader in fresh food retail, with a powerful customer proposition and outstanding sourcing model. Under the leadership of Jean-Paul, the Company has demonstrated consistent organic growth over time, providing shoppers with exceptional quality products, breadth of assortment and strong value for money. As Prosol looks to expand its estate both in France and internationally, Apollo will draw on our extensive retail expertise to support the management team’s growth plans while maintaining the distinctive identity beloved by customers,” Alex van Hoek, Apollo Lead Partner for European Private Equity.