Private equity firm IK Investment Partners’ (IK) IK VIII Fund has entered into exclusive negotiations with Equistone Partners Europe (Equistone), Céréa Partenaire, Azulis Capital and the existing management team to acquire a majority stake in Mademoiselle Desserts.
The management team will reinvest alongside the Fund.
Established in 1984, Mademoiselle Desserts has grown to become the leading manufacturer of premium frozen industrial finished and semi-finished pastry in Europe. Through its manufacturing sites in France, the UK and the Netherlands and highly experienced teams, the Group works closely with its customers to develop bespoke desserts to the highest food standards.
“IK’s unrivalled experience investing in European food businesses makes them an ideal partner. With their support, Mademoiselle Desserts will be well-positioned to capture market share and continue its active build-up strategy, for which we were actively backed by Equistone over these last years,” says Didier Boudy, CEO of Mademoiselle Desserts.
Arnaud Thomas, Partner at Equistone Partners Europe, adds: “We are proud of our support for the teams at Mademoiselle Desserts during nearly five years, both to develop original business lines and to pursue its international external growth strategy, particularly in the UK.”
“This investment opportunity fits perfectly into IK’s investment strategy. We are impressed by the Group’s development in the UK, France and the Netherlands. Together with the management team, we will strive to broaden the product portfolio via targeted acquisition opportunities,” says Rémi Buttiaux, Partner at IK Investment Partners and advisor to the IK VIII Fund.
