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12/2018

DELICE DES 7 VALLEES acquired by MADEMOISELLE DESSERTS

FRANCE Food Processing / Food Products / Bakery / Pastry REV 50M - 100M EUR

Context

Just months after the acquisition of Michel Kremer, Mademoiselle Desserts completed another structural add-on by absorbing Les Delices des 7 Vallees from the private equity fund Sagard. The operation was financed through bank debt. This acquisition allows Mademoiselle Desserts to conquer the strategic "sweet snacking" segment (donuts, muffins) and significantly strengthen its presence in Mass Market Retail (GMS), a channel where the target excels. Sagard exited the capital after backing the company since 2015.

It is worth noting that the fund Sagard took control of Delice Des 7 Vallees through an LBO in 2015.

DELICE DES 7 VALLEES, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Founded in 1996 and based in Pas-de-Calais, Les Delices des 7 Vallees is the French leader in frozen pastries sold in Mass Market Retail (GMS). The company is famous for its specialization in sweet "finger foods," particularly mini-donuts (beignets) and mini-muffins, of which it is the leading manufacturer in France.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2018
2017

Other operations with DELICE DES 7 VALLEES

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
02/2015SAGARDDELICE DES 7 VALLEESFRANCEBakery / Pastry

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 DELICE DES 7 VALLEES by MADEMOISELLE DESSERTS 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: mademoiselle desserts