BOULANGERIES SOPHIE LEBREUILLY acquired by FRENCH FOOD CAPITAL, CEREA PARTNERS & SOFIPROTEOL
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 LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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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
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Equity Value
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Multiples
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
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REFERENCES
Revenue range: 50M - 100M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: cerea partners / sofiproteol / french food capital