BGH Capital takes majority stake in Laurent Bakery Group

AUSTRALIA Food Processing / Food Products / Bakery / Pastry EV AUD 300–700M

Context

BGH Capital acquired a controlling stake in Laurent Bakery Group. The transaction involved the exit of a silent co-investor and the reinvestment of founder Laurent Boillon, who remained a significant shareholder and Director. The strategic rationale for the deal is the massive growth potential of the group’s wholesale division, particularly its national supply contract with Coles. BGH aims to capitalize on the shift in Australian consumer preferences toward high-quality, traditional French baking, which was previously underserved in the mass market. By providing fresh capital and management expertise, BGH intends to expand the group's manufacturing footprint and optimize its national logistics network. This partnership allows the founder to focus on product quality and brand DNA while the private equity firm professionalizes the corporate structure. This deal highlights the continued interest of private equity in "recession-proof" consumer staples that possess both a strong retail identity and a scalable industrial engine.

Laurent Bakery Group, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Founded in 1993 by French-born baker Laurent Boillon, Laurent Bakery is a premium Australian institution specializing in French-inspired sourdough breads, cakes, and pastries. The group operates a hybrid business model comprising a network of 15 high-end retail boutiques across Melbourne and a large-scale industrial artisan production arm. This wholesale division supplies over 1,000 supermarkets across Australia, New Zealand, and Singapore with high-quality par-baked and fresh artisan products. Strategically, the company leverages Australia’s clean-label reputation and traditional French baking techniques to serve the premium "bake-at-home" and retail segments. By maintaining a balance between artisanal craftsmanship and scalable industrial distribution, Laurent Bakery has established itself as the leading high-end bakery brand in the Oceania region.

Ent. Value

AUD 300–700M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (AUD)

Year

Rev

EBITDA

EBIT

2021

2020

Other operations with Laurent Bakery Group

Other operations with Laurent Bakery Group
Date	Acquirer	Target	Country	Sector
03/2025	BRIDOR	LAURENT BAKERY GROUP	AUSTRALIA	Bakery / Pastry

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09/2021	3I	EUROPEAN BAKERY GROUP	NETHERLANDS	Bakery / Pastry
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REFERENCES

Valuation range: EV AUD 300–700M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Laurent Bakery Group by BGH Capital 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.

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Laurent Bakery Group, an Australian company specialised in Food Products, by BGH Capital in 2021, structured as a leveraged buyout (LBO). Ownership has since evolved, leading to a subsequent transaction with Bridor in March 2025 (see the dedicated deal page for details).

How was the acquisition of Laurent Bakery Group by BGH Capital valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the AUD 300–700M band. Detailed valuation data is available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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