PÂTISSERIE MICHEL KREMER acquired by MADEMOISELLE DESSERTS
Context
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).
PÂTISSERIE MICHEL KREMER, which reported an EBITDA margin of [members only] in 2017, 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).
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Target
Based in Argenton-sur-Creuse (Indre), Michel Kremer is a renowned French Corporate bakery specializing in choux pastry ("chouquettes," profiteroles). At the time of the deal, the company operated a major production facility employing 250 people and generated approximately EUR40 million in annual revenue. It serves the B2B market, supplying frozen pastry products to retail and foodservice clients.
Ent. Value
€25–50M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
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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 |
| 05/2018 | IK PARTNERS | MADEMOISELLE DESSERTS | FRANCE | Bakery / Pastry |
| 01/2017 | MADEMOISELLE DESSERTS | MINISTRY OF CAKE | UNITED KINGDOM | Bakery / Pastry |
| 11/2013 | EQUISTONE | MADEMOISELLE DESSERTS | FRANCE | Bakery / Pastry |
REFERENCES
Revenue range: €25–50M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PÂTISSERIE MICHEL KREMER by MADEMOISELLE DESSERTS 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.
Acquirer: mademoiselle desserts