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01/2025

BOULANGERIES SOPHIE LEBREUILLY acquired by FRENCH FOOD CAPITAL, CEREA PARTNERS & SOFIPROTEOL

FRANCE Hospitality & Leisure / Hospitality / Restaurants / Chains REV 50M - 100M EUR

Context

FrenchFood Capital and Cerea Partners orchestrated a capital reorganization and equity strengthening of Boulangeries Sophie Lebreuilly. The two funds become the reference majority shareholders, working alongside the founders who remain operationally involved and invested. The deal brings in new minority backers (Sofiproteol, NextStage, etc.) to finance the continued rapid expansion of the network. The objective is to exceed 100 stores by the end of 2025 and deepen the company's ESG commitments (sourcing French wheat, rural employment).

BOULANGERIES SOPHIE LEBREUILLY, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (11.2x).

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Target

Founded in 2014 by Sophie and Olivier Lebreuilly, this chain positions itself as a "next-generation" bakery player. Unlike traditional boulangeries, Sophie Lebreuilly stores are designed as "living spaces" (combining bakery, pastry, and tea room/lunch spots) located primarily in suburban or rural areas. The company operates two central pastry workshops. Under the first ownership cycle with FrenchFood Capital (2020-2024), the network grew from 16 to 80 stores, and revenue surged from EUR13.6m to EUR70m. The brand focuses heavily on local sourcing and ESG impact.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

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REFERENCES

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BOULANGERIES SOPHIE LEBREUILLY by FRENCH FOOD CAPITAL / CEREA PARTNERS / SOFIPROTEOL are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: cerea partners / sofiproteol / french food capital