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. The acquisition was financed through a mix of equity and bank debt.

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.

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. The acquisition was supported by a new financing package of EUR50 million provided by a banking pool (CIC) and mezzanine debt funds (Ardian, Cerea).

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. The strategic rationale for IK is to continue the international consolidation of the fragmented frozen bakery market. The previous cycle was marked by heavy expansion into the UK

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. LDC had originally backed the MBO from Greencore in 2014. During its tenure, revenue grew from �20m to nearly �30m, driven by the acquisition of a second factory in Torquay and a 10% increase in export sales. Ministry of Cake will continue to operate autonomously under its existing CEO who reinvested to become a shareholder in the wider Mademoiselle Desserts group.

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. The transaction was valued at an Enterprise Value slightly above EUR100 million. The strategic plan focused on accelerating international growth.