Brussels, Belgium – April 11th 2016 – Le Pain Quotidien, the Belgian full-service restaurant and bakery, today announced that it has welcomed the investment company Cobepa in its shareholder base alongside existing investors to help with its next phase of growth. Cobepa will take a minority stake of 30% in Le Pain Quotidien.
Founded in 1990 in Brussels, Belgium, Le Pain Quotidien has witnessed a strong expansion and is now present in 19 countries across all continents with 242 restaurants through a mix of company-owned and franchised stores.
“We are very pleased to welcome Cobepa as our new long term partner. While no additional liquidity was required for the future growth, we do believe that Cobepa will proactively support our growth in our existing and new markets like it has done with many of its other portfolio companies. In addition to a strong cultural fit, Cobepa shares the values of entrepreneurship and long term vision with the existing shareholders and with management who welcome this next phase in the company’s expansion. “It brings to us new perspectives while providing stability.” said Vincent Herbert, Global CEO of Le Pain Quotidien.
Jean-Marie Laurent Josi, Managing Director of Cobepa said: “Le Pain Quotidien is a perfect example of the type of company we look to invest in: a growing company with a superior business model based on a strong and proven 25 year old concept, attractive and credible growth perspectives in numerous countries and a seasoned and experienced management team. We are impressed by the work performed by Le Pain Quotidien in developing its brand and concept and are looking forward to work with Vincent and his team to achieve the next phase of growth.”
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