Lion Capital Gets €601M Dividend after Picard Refinancing
February 23, 2015
Lion Capital has reportedly received a dividend of roughly €601 million following the refinancing of its portfolio company Picard Surgelés, a frozen foods retailer. The company offers more than 1,000 products through a network of nearly 1,000 retailing outlets. Lion Capital had acquired the company in October 2010 from BC Partners for an estimated €1.5 billion.