MINISTRY OF CAKE
Acquired by
MADEMOISELLE DESSERTS
MINISTRY OF CAKE acquired by MADEMOISELLE DESSERTS
Target
MINISTRY OF CAKE
Acquirer
MADEMOISELLE DESSERTS
Context
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.
This transaction is part of the AgriFood industry, which currently tracks an average EBITDA multiple of 10.1x since the beginning of 2026, 9.8% decrease compared to 2025. 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.
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Target
Headquartered in Taunton, Ministry of Cake is the UK's largest dedicated manufacturer of desserts for the foodservice industry. It produces over three million slices per week of hand-finished cakes, puddings, and tray bakes for major restaurant chains, pubs, and coffee shops. Under LDC's ownership (2014-2017), the company expanded capacity by acquiring the Creative Foods factory in Torquay and grew its workforce from 300 to 400 employees.
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Historical Financials (EUR)
Other operations with MINISTRY OF CAKE
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