Industries et Finances Partenaires May 2011

Canaccord Genuity Canaccord Genuity is pleased to announce that its client, Industries et Finances Partenaires ("IFP", a French private equity firm focusing on build-up strategies), has agreed the sale of Europienne Food to the French private equity house TCR Capital.

Europienne Food is a French national leader in the distribution of ambient food products, specialised in hot and cold beverages, snacking and confectionery.

Europienne Food generated 2010 net sales of c. €210m and experienced a growth of 7.4% over its previous year.

Canaccord Genuity was appointed as IFP's exclusive financial advisor in relation with the contemplated transaction and ran a highly competitive auction process involving a number of strategic and private equity potential purchasers.