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 [members only] in 2012, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the AgriFood sector (11.0x).
-> 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.
Ent. Value
€100–350M
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with MADEMOISELLE DESSERTS
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 |
Similar deals in Food Processing
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2014 | RIVERSIDE | CASA OPTIMA | ITALY | Ingredients |
| 12/2013 | DANTE BIGI S.R.L. | GRUPPO ALIVAL | ITALY | Dairy |
| 11/2013 | FRUTAROM | PTI (PROTEIN TECHNOLOGIES INGREDIENTS GROUP) | RUSSIA | Ingredients |
| 09/2013 | EQUISTONE | CHARLES & ALICE | FRANCE | Food Products |
| 08/2013 | INVESTCORP | TYRRELLS | UNITED KINGDOM | Food Products |
| 07/2013 | ARTÉMIS | MICHEL ET AUGUSTIN | FRANCE | Food Products |
| 07/2011 | IK PARTNERS | SOLINA GROUP | FRANCE | Ingredients |
| 05/2011 | MCH PRIVATE EQUITY | EUROPASTRY | SPAIN | Bakery / Pastry |
| 05/2011 | GENERAL MILLS | YOPLAIT | FRANCE | Dairy |
| 03/2011 | ADVENT INTERNATIONAL | PARTNER IN PET FOOD (PPF) | HUNGARY | Petfood |
Other operations with EQUISTONE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2022 | EQUISTONE / ALPINVEST | SICAME | FRANCE | Electrical Equipment |
| 06/2022 | EQUISTONE / IK PARTNERS / SAGARD / EMZ PARTNERS / SOCIETE GENERALE CAPITAL PARTENAIRES | SAFIC-ALCAN | FRANCE | Specialty Chemicals |
| 07/2021 | EQUISTONE | VERTBAUDET | FRANCE | Fashion & Apparel |
| 09/2019 | EQUISTONE | ACCES INDUSTRIE | FRANCE | Equipment Rental |
| 08/2019 | EQUISTONE / SAGARD | VULCAIN INGENIERIE | FRANCE | Engineering & Consulting |
| 02/2019 | EQUISTONE | COURIR | FRANCE | Sport |
| 04/2018 | EQUISTONE | KARAVEL | FRANCE | Tour Operators |
| 07/2017 | EQUISTONE | GROUPE BRUNEAU | FRANCE | Office Supplies & Furniture |
| 07/2016 | EQUISTONE / GEI | ADISTA | FRANCE | MSP (Managed Services) |
| 01/2016 | EQUISTONE | NOVARES | FRANCE | Auto Parts & Systems |
REFERENCES
Valuation range: EV €100–350M
Revenue range: €100–200M
EV/Revenue range: below 1.5x
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 EQUISTONE 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.
Press release: view release
Target: mademoiselle desserts
Acquirer: equistone