Groupe Geronimo has bought out the minority stake M Capital and SG Capital Partenaires
Marseille (France), 10th February 2026,
The executive shareholders of Geronimo Group have bought out the minority stake held by financial investors M Capital and SG Capital Partenaires
Financière de Courcelles advised the executive shareholders of Geronimo Group (Gelazur / Xiong Hai) on the buyout of the minority interest held by financial investors M Capital and SG Capital Partenaires, which had been shareholders in the group since 2016 and 2018 respectively.
Founded in 1960 by the Bauche and Kourcia families, the group now generates approximately €300 million in consolidated revenue through its main subsidiaries:
- Gelazur, specializing in the import and distribution of frozen seafood products, generating around €50 million in revenue;
- Xiong Hai (resulting from the merger of Galasie and Thai Sing Food), specializing in the distribution of frozen and dry food products, beverages and packaging for traditional Asian restaurants and buffet restaurants in France, generating more than €250 million in revenue.
Frédéric Bauche and Daniel Sik, executive shareholders and Chairmen of Gelazur and Xiong Hai respectively, have regained full control of the group following this transaction.
Financière de Courcelles is delighted to have advised the shareholders of Geronimo Group. This new transaction consolidates Financière de Courcelles expertise in the Agri-Agro sector.
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