What was the revenue of PÂTISSERIE MICHEL KREMER at the time of the deal?

The revenue of PÂTISSERIE MICHEL KREMER at the time of the deal is estimated to be in the range of 25M - 50M EUR.

How is the data for the PÂTISSERIE MICHEL KREMER acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the PÂTISSERIE MICHEL KREMER deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.lesechos.fr/pme-regions/actualite-pme/mademoiselle-desserts-craque-pour-les-chouquettes-de-kremer-140473

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Home Database AgriFoodPÂTISSERIE MICHEL KREMER

10/2018

PÂTISSERIE MICHEL KREMER acquired by MADEMOISELLE DESSERTS

FRANCE Food Processing / Food Products / Bakery / Pastry REV 25M - 50M EUR

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 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

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.

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09/2018	MBO+ / AMUNDI PRIVATE EQUITY	ARCADO	FRANCE	Meat & Cured Meat
07/2018	MANAGEMENT & PRIVATE INVESTORS	BETJEMAN & BARTON	FRANCE	Coffee & Tea
06/2018	BC PARTNERS	FORNO D’ASOLO	ITALY	Bakery / Pastry
05/2018	IK PARTNERS	MADEMOISELLE DESSERTS	FRANCE	Bakery / Pastry
04/2018	GENERAL MILLS	BLUE BUFFALO PET PRODUCTS	UNITED STATES	Petfood
04/2018	CINVEN	PARTNER IN PET FOOD (PPF)	HUNGARY	Petfood

REFERENCES

Revenue 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 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