Apollo Bets On French Fresh Food Retail With Prosol Acquisition

Apollo Global Management, Inc. (NYSE:APO) said Apollo-managed funds have agreed to acquire a majority stake in Prosol Group, a leading French fresh food retailer, from private equity firm Ardian. Financial terms were not disclosed. The transaction gives Apollo a majority position in a fast-growing European fresh food retailer. Prosol shareholders and executives will reinvest alongside Apollo-managed funds. The parties expect the deal to close during the second quarter of 2026. Regulatory approvals and customary conditions remain outstanding. Also Read: GLJ Research’s Gordon Johnson Mocks Tesla Optimus As Chuck E Cheese-Level Tech: ‘Will Not Sell One Of These Things In 2026’ About Prosol Group Prosol Group began operations in 1992 and focuses on fresh food retailing. The company built a vertically integrated sourcing and logistics network. That structure supports consistent quality and pricing across its stores. Prosol works with more than 2,300 supplier partners across Europe. Store Footprint And Brands Prosol operates nearly 450 locations throughout France. Its largest banner, Grand Frais, supplies produce, dairy, and seafood. Fresh. represents a fully owned format selling meat alongside other fresh categories. Additional brands include La Boulangerie du Marché and BioFrais. The group also runs Banco Fresco stores in Italy and mon-marché.fr online. Apollo sees Prosol as a category leader with strong customer loyalty. The firm plans to support expansion across France and new European markets. Alex van Hoek, Apollo’s European private equity lead, highlighted Prosol’s differentiation. “Prosol is a clear category leader in fresh food retail, with a powerful customer proposition and outstanding sourcing model,” van Hoek said. Apollo’s France Track Record Apollo has invested in France for more than two decades. The firm currently has about 14 billion euros invested across French strategies. Past investments include Constellium, Verallia and Vallourec. Apollo has also financed Air France-KLM, EDF and TotalEnergies. APO Price Action: APO shares were down 0.22% at $146.51 during premarket trading on Tuesday, according to Benzinga Pro data. Read Next: Driverless Tesla Model Y Robotaxi Spotted In Austin — Elon Musk Says ‘Testing Is Underway’ Amid Autonomous Driving Push Photo via Shutterstock