Charles & Alice Group

Charles & Alice Group is a leading French manufacturer and distributor of fruit purées and fruit-based desserts.

The group distributes both branded and private label products and is a market leader in organic and No Sugar Added fruit purées in France. Headquarters in the South East of France, Charles & Alice employs over 350 people across two production sites close to the apple orchards. The company generates a turnover of c. €120m.

The Charles & Alice brand was launched in 2011 as a result of the merger of Hero France, a manufacturer of fruit purées and baby food, and Charles Faraud, a fruit and vegetable-based convenience food specialist.

Charles Faraud was bought out by CM-CIC in 2007, through a management buy-in led by the current CEO of Charles & Alice, Thierry Goubault. Charles Faraud subsequently acquired Hero France in 2010.

Investment Date

Sep 2013



Business Description

Consumer Goods

Revenue at ACQ.


Employees at ACQ.


Investment Type

Secondary MBO

In addition to increasing the management’s investment in the business to over 20%, this deal will give Charles & Alice a major international investor which will be able to support the acceleration of our growth.