Jun 2015

La Cure Gourmande is financed in bonds with the GIAC.

Customers and counterparties

One year after its first raising with AMUNDI Private Equity, the biscuit, confectionery and chocolate products manufacturer obtained bond financing from the GIAC to increase its presence in France and abroad.

For several years, the company, managed by Christian Berlan and Edouard Hennebert, has experienced strong expansion in France and great success beyond our borders.

In order to continue this movement, management has mandated PAX Corporate Finance to seek bond investors. The GIAC proved to be the right partner thanks to its understanding of La Cure Gourmande’s development plan and the relevance of its offer.

La Cure Gourmande has distinguished itself for years thanks to a very diverse range of products (biscuits, chocolates, caramels, sweets, lollipops, calissons, nougats, etc.) and a distribution in a typically Provençal universe through a network of sixty points of sale in Europe, Asia and the Middle East. The company employs more than 200 people and its production teams are familiar with traditional manufacturing techniques to preserve the taste and authenticity of yesteryear.

Over the past 25 years, the Company has experienced steady growth in sales, which will reach more than €30 million in 2015, more than half of which outside France.

Press contacts :
PAX CF – Pierre Cazilhac, Partner – 01 40 20 21 76 –
GIAC Group – Alain Philbert, Chairman – 01 45 61 51 70 –

The people involved in the operation:
Company, Investment Banker / PAX CORPORATE FINANCE Advisor, Pierre CAZILHAC, Pierre-Lou HENRY.

About the GIAC :
Founded in 1962 by companies, the GIAC is the specialist in long-term financing for SMEs/ETIs. Since its creation, it has set up 25 grouped borrowing operations enabling more than 700 companies operating in all sectors of the economy to benefit from financing whose term (10 years) and grace period (5 years) give them the characteristics of quasi-equity. Indeed, the mutualist character of the GIAC, based on a shareholding constituted by the companies benefiting from its financing, confers on it a service mission involving particularly attractive financial conditions.