Apollo Global Management’s investment vehicle, Apollo Funds, has announced a majority stake acquisition of Prosol Group, a leading French fresh‑food retailer with nearly 450 stores across France and additional brands in Italy. The transaction, which will be completed in the second quarter of 2026, is being executed through a sale of shares to Ardian, the current owner of Prosol.
Prosol’s business model is built on a vertically integrated supply chain that sources premium produce and delivers it through its Grand Frais and Fresh brands. The company reported revenue of more than €4.2 billion last year, underscoring its scale and market leadership in the fresh‑food segment.
Apollo’s recent financial performance demonstrates the capital strength behind the deal. In the first quarter of 2025, Apollo reported fee‑related earnings of $559 million and adjusted net income of $1.1 billion ($1.82 per share). The second quarter saw fee‑related earnings rise to $627 million and adjusted net income to $1.0 billion ($1.92 per share), with assets under management reaching $840 billion. These results provide a solid financial foundation for the Prosol investment.
Strategically, the acquisition aligns with Apollo’s long‑standing presence in France, where it has invested approximately €14 billion in French companies over two decades. By adding Prosol, Apollo gains a mature, high‑quality retail platform that complements its existing real‑estate and credit operations. Apollo plans to leverage its retail expertise to accelerate Prosol’s growth in France and internationally while preserving the brand’s distinctive customer experience.
Prosol’s existing shareholders and management team will reinvest alongside Apollo Funds, signaling confidence in the company’s future prospects under new ownership. The deal is expected to generate significant revenue and margin upside for Apollo, reinforcing its diversification strategy and positioning the firm for long‑term value creation in the European market.
The transaction is a key milestone for Apollo’s expansion into high‑margin retail opportunities and represents a strategic shift toward consumer‑facing businesses, potentially reshaping the firm’s portfolio and competitive positioning in the European grocery sector.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.