PARAY-LE-MONIAL, FRANCE —Private equity firm Capza is acquiring Groupe Saint Aubin, a French producer of desserts and snacks. The purchase is being made in partnership with the group’s chairman and chief executive officer Thierry Lafeuille to accelerate the company’s growth.

Groupe Saint Aubin supplies fresh and frozen foods to supermarkets and food service companies. The business has four manufacturing facilities in the Saône-et-Loire region of France. According to Capza, Groupe Sainte Aubin’s revenue is expected to reach €25 million ($27.8 million) in 2019.

Capza is investing in the group’s capital and mezzanine debt. This financing will be used to launch a large-scale investment program in production facilities, research and development and additional bolt-on acquisitions.

“Groupe Saint Aubin will become a key player in its market by upgrading its production facilities, aligning and reinforcing its governance and seizing external growth opportunities that will create a high degree of added value for its customers,” said Emmanuel Bonnaud, managing partner of Capza.

Since 2015, Mr. Lafeuille. has overseen the group’s operations, improving the company’s product ranges, customer relationships and internal organization. He said Capza’s resources will allow Groupe Saint Aubin to further innovate and optimize its expertise within the food service sector.