MADEMOISELLE DESSERTS acquired by EQUISTONE
Context
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.
MADEMOISELLE DESSERTS, which reported an EBITDA margin of in 2012, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.7x).
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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.
Ent. Value
Equity Value
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EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with MADEMOISELLE DESSERTS
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2024 | EMMI GROUP | MADEMOISELLE DESSERTS | FRANCE | Bakery / Pastry |
| 05/2023 | MADEMOISELLE DESSERTS | GALANA (PASTRY & ICE CREAM) | BELGIUM | Bakery / Pastry |
| 12/2018 | MADEMOISELLE DESSERTS | DELICE DES 7 VALLEES | FRANCE | Bakery / Pastry |
| 10/2018 | MADEMOISELLE DESSERTS | PÂTISSERIE MICHEL KREMER | FRANCE | Bakery / Pastry |
| 05/2018 | IK PARTNERS | MADEMOISELLE DESSERTS | FRANCE | Bakery / Pastry |
| 01/2017 | MADEMOISELLE DESSERTS | MINISTRY OF CAKE | UNITED KINGDOM | Bakery / Pastry |
REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 100M - 200M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: mademoiselle desserts
Acquirer: equistone