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05/2018

MADEMOISELLE DESSERTS acquired by IK PARTNERS

FRANCE Food Processing / Food Products / Bakery / Pastry REV 250M - 500M EUR

Context

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

In the past, the company underwent an LBO led by Equistone in 2013, and continued an active consolidation strategy by notably acquiring Ministry Of Cake (2017).

MADEMOISELLE DESSERTS, which reported an EBITDA margin of in 2017, 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).

-> 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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2017
2016

Other operations with MADEMOISELLE DESSERTS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2024EMMI GROUPMADEMOISELLE DESSERTSFRANCEBakery / Pastry
05/2023MADEMOISELLE DESSERTSGALANA (PASTRY & ICE CREAM)BELGIUMBakery / Pastry
12/2018MADEMOISELLE DESSERTSDELICE DES 7 VALLEESFRANCEBakery / Pastry
10/2018MADEMOISELLE DESSERTSPÂTISSERIE MICHEL KREMERFRANCEBakery / Pastry
01/2017MADEMOISELLE DESSERTSMINISTRY OF CAKEUNITED KINGDOMBakery / Pastry
11/2013EQUISTONEMADEMOISELLE DESSERTSFRANCEBakery / Pastry

REFERENCES

Revenue range: 250M - 500M EUR

EBITDA range: 25M - 50M 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 IK PARTNERS 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.

Target: mademoiselle desserts

Acquirer: ik partners