a minority LBO Groupe ODICE with BNP Paribas Développement, Sofipaca et Bpifrance
Marseille (France), December 11, 2025
The shareholders of the family-owned Odice Group, a leading player in the installation and maintenance of professional kitchens, have completed a minority LBO led by BNP Paribas Développement, along with Sofipaca Capital Investissement and Bpifrance. This transaction also brings more than 15 key managers into the Group’s share capital, marking a new milestone in its entrepreneurial journey.
Founded in 2007, Odice Group has established itself as one of the leading players in France in the design, installation and maintenance of professional kitchens, serving collective catering operators and the hotel, restaurant and café (CHR) sector. Odice Group, headquartered in Villeneuve (04), employs over 330 employees across 13 branches.
Since 2020, the Group has doubled its revenue by capitalising on:
- A customer-centric business model serving clients of all sizes: execution excellence supported by a proven methodology, the deployment of numerous IT tools and an in-house training academy for technicians, as well as strong local presence enabling a highly responsive after-sales service;
- A strong entrepreneurial DNA, reflected in the equity participation of its key managers;
- A disciplined acquisition strategy (five transactions since 2019) focused on preserving the DNA of the companies acquired while providing them with significant acceleration levers by leveraging the Group’s scale and capabilities.
The entry of BNP Paribas Développement, alongside Sofipaca and Bpifrance, into the Group’s share capital marks a strategic milestone for Odice. This financial backing will accelerate the implementation of the Group’s development plan, combining organic and external growth. Odice aims to strengthen its geographic footprint, invest in innovation in order to offer increasingly cutting-edge products and technical solutions, and further its CSR and QHSE commitments by amplifying the initiatives already driven by the management team.
Luc Pascal, Investment Director of BNP Paribas Développement: “We were already well acquainted with this regional family-owned mid-sized company and were impressed by its strong growth in recent years, driven by its two young directors. The depth of this market offers the opportunity for further growth even if the company is already a leading player in its market. BNP Paribas Développement would like to thank the directors for their confidence in backing this operation with a family transmission”
Florence Politi, Investment Director of Sofipaca: “The Odice Group has succeeded in building a model based on an efficient agile structure and an organisation that is closely attuned to customer needs. Like the Odice Group, proximity is a core value for Sofipaca, and we are convinced that the Crédit Agricole Group’s strong regional presence will be a solid asset in supporting the group’s development in the years to come, providing it with a relevant and sustainable local presence”
Marc Andrieu, Investment Director of Bpifrance: “Bpifrance is already supporting Odice’s management team in their efforts to develop and transform the group. With this transaction, we are confirming our commitment and will increase the deployment of our operational support system to help the group accelerate its growth. This is a highly motivating challenge, in line with Bpifrance’s investment thesis of supporting growing French SMEs and mid-cap companies”
Alexandre Forget, Managing Partner of Financière de Courcelles: “We are proud to have advised the Sube family on this transaction, which marks a major milestone in the Group’s development. This deal perfectly illustrates our expertise in structuring LBO transactions (equity and financing) to address the challenges of an ambitious strategy combining organic and external growth”
About BNP Paribas Développement
BNP Paribas Développement, an autonomous subsidiary of the international banking group BNP Paribas, is a joint-stock company that has been investing its own funds directly for over 37 years as a minority shareholder. Its primary goal is to support the growth of high-performing small and medium-sized enterprises (SMEs) and intermediate-sized companies (ETIs) and ensure their long-term sustainability by facilitating their succession.
Beyond providing financial resources to these businesses to ensure stable funding, BNP Paribas Développement’s mission is to offer long-term support to the management team in achieving their medium-term strategic projects. Their minority position ensures appropriate governance without interfering in day-to-day operations. They also benefit from the strength of a well-known group and the experience of a partner with a portfolio of over 600 diversified investments.
For more information: www.bnpparibasdeveloppement.com
LinkedIn: https://www.linkedin.com/company/bnp-paribas-développement
About Bpifrance
Bpifrance’s capital investments are managed by Bpifrance Investissement. Bpifrance provides financing to companies at every stage of their development, offering credit, guarantees, and equity. They support these businesses in their innovation projects and their international expansion. Bpifrance now also plays a role in supporting their export activities through a wide range of products. Their services extend to providing advice, educational programs, networking opportunities, and acceleration programs tailored to startups, SMEs, and ETIs. With Bpifrance and its 50 regional offices, entrepreneurs have a nearby, dedicated, and efficient partner to help them tackle their challenges.
For more information: www.Bpifrance.fr – https://presse.bpifrance.fr – Follow us on X (formerly Twitter): @Bpifrance – @BpifrancePresse
Press contact: Juliette Fontanillas – juliette.fontanillas@bpifrance.fr – + 33 6 72 76 08 09
About Sofipaca
Since 1984, Sofipaca, a subsidiary of the Regional Banks of Crédit Agricole Provence Côte d’Azur and Alpes Provence, has been supporting ETIs (intermediate-sized companies) and SMEs located in the PACA region (Provence-Alpes-Côte d’Azur) in their Capital development, Capital transmission, or Ownership restructuring projects.
Sofipaca has a strong track record of investing in local businesses, with the aim of contributing to their growth. As a long-term financial investor and minority shareholder, Sofipaca customizes its approach to meet the specific needs of each company, offering support to executives in the implementation of their growth strategies without interfering in day-to-day management.
Sofipaca’s team is both independent and of a manageable size, which fosters straightforward and direct communication with management and enables prompt decision-making.
Contact: florence.politi@sofipaca.fr
For more information :www.sofipaca.fr / LinkedIn : https://fr.linkedin.com/company/sofipaca
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