Apollo Global Management (NYSE:APO) has agreed to acquire a majority stake in Prosol Group, the French fresh-food retail platform best known for its Grand Frais and Fresh store networks, from private equity firm Ardian.
Prosol’s management team and existing shareholders will reinvest alongside Apollo Funds, the firms said in a joint announcement.
Prosol operates nearly 450 stores across France under banners including Grand Frais, Fresh., La Boulangerie du Marché, mon-marché.fr, BioFrais, and Banco Fresco in Italy.
The retailer partners with more than 2,300 producers and suppliers to source fresh fruits, vegetables, dairy, and other market-style offerings, a model that has helped Grand Frais become one of France’s most admired food-retail concepts.
The transaction—advised by UBS, RBC, and Lazard—remains subject to regulatory approvals and customary closing conditions.
The firms expect the acquisition to close in the second quarter of 2026.
For Apollo, the deal deepens its presence in France, where it has invested roughly €14 billion across strategies to date.
The firm has increasingly targeted European retail and consumer platforms with strong brand affinity and scalable supply chains.