At what enterprise value was MADEMOISELLE DESSERTS acquired in 2024?

During the acquisition of MADEMOISELLE DESSERTS by EMMI GROUP in 2024, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MADEMOISELLE DESSERTS when it was acquired by EMMI GROUP?

The estimated EV/EBITDA multiple for MADEMOISELLE DESSERTS is in the range of 10x - 18x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was MADEMOISELLE DESSERTS acquired by EMMI GROUP?

MADEMOISELLE DESSERTS was acquired by EMMI GROUP in 2024.

What was the revenue of MADEMOISELLE DESSERTS at the time of the deal?

The revenue of MADEMOISELLE DESSERTS at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of MADEMOISELLE DESSERTS during the acquisition?

MADEMOISELLE DESSERTS's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the MADEMOISELLE DESSERTS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the MADEMOISELLE DESSERTS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://capitalfinance.lesechos.fr/deals/sortie/ik-partners-sert-mademoiselle-desserts-a-emmi-pour-900-meur-2106563

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Home Database AgriFoodMADEMOISELLE DESSERTS

07/2024

MADEMOISELLE DESSERTS acquired by EMMI GROUP

FRANCE Food Processing / Food Products / Bakery / Pastry EV 500M - 1.5b EUR

Context

IK Partners (holding 86% of the capital) has agreed to sell Mademoiselle Desserts to the Swiss industrial group Emmi. This transaction marks a remarkable exit for IK, which had acquired the company for EUR330 million in 2018. For Emmi, the goal is strategic: increasing the share of "Desserts" in its total revenue from 9% to 17%. The CEO of the target will take over the leadership of the new combined "Desserts Powerhouse" division within Emmi.

Previously, the company had already undergone several LBOs, notably led by Equistone in 2013 and Ik Partners in 2018. These multiple LBO cycles, coupled with several external growth operations, illustrate the strong appeal for this type of asset.

MADEMOISELLE DESSERTS, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.9x).

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.

-> Deep-dive in AgriFood market trends

Target

Headquartered in France, Mademoiselle Desserts is a leading European manufacturer of premium frozen Corporate pastry. The group supplies retailers (private label) and the foodservice industry (restaurants, canteens) with a wide range of tarts, flans, and cakes. Following a strategic rebranding from "Europeenne des Desserts," the company aggressively expanded its footprint beyond France, establishing a major presence in the UK and the Netherlands through acquisitions like The Handmade Cake Company, Ministry of Cake, and Quality Pastries.

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Other operations with MADEMOISELLE DESSERTS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
05/2023	MADEMOISELLE DESSERTS	GALANA (PASTRY & ICE CREAM)	BELGIUM	Food Processing	Mademoiselle Desserts continues its external growth strategy by acquiring the pastry and ice cream activities of the Belgian company Galana. The transaction is structured as a carve-out, as Galana's seafood trading business is not included
12/2018	MADEMOISELLE DESSERTS	DELICE DES 7 VALLEES	FRANCE	Food Processing	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
10/2018	MADEMOISELLE DESSERTS	PÂTISSERIE MICHEL KREMER	FRANCE	Food Processing	Just months after being acquired by IK Partners, Mademoiselle Desserts completed its first strategic add-on by acquiring Patisserie Michel Kremer. The deal adds EUR40 million in revenue to the group, strengthening its foothold in France
05/2018	IK PARTNERS	MADEMOISELLE DESSERTS	FRANCE	Food Processing	IK Investment Partners won a competitive auction process (against PAI Partners and Towerbrook) to acquire a majority stake in Mademoiselle Desserts from Equistone Partners Europe. The transaction marks a successful exit for the sellers, who supported the group's transformation into a pan-European leader despite significant headwinds in the commodities market
01/2017	MADEMOISELLE DESSERTS	MINISTRY OF CAKE	UNITED KINGDOM	Food Processing	LDC has exited its investment in Ministry of Cake through a sale to the French group Mademoiselle Desserts. The transaction creates a dessert giant with unrivaled production capabilities in the UK foodservice market
11/2013	EQUISTONE	MADEMOISELLE DESSERTS	FRANCE	Food Processing	Equistone Partners Europe acquired a majority stake in Europeenne des Desserts from Cerea Partenaire and Azulis Capital. The previous financial sponsors, along with the management team, reinvested for a minority stake

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA 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 MADEMOISELLE DESSERTS by EMMI GROUP are reserved for mynth community members. Register for free to unlock full data.

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).

Target: mademoiselle desserts