Acquisition talks for Mademoiselle Desserts
Private equity firm IK Investment Partners has entered negotiations to acquire a majority stake in Mademoiselle Desserts.
The equity firm announced that the IK V!!! fund has entered into exclusive negotiations with Equistone Partners Europe, Céréa Partenaire, Azulis Capital and the management team to acquire a stake in Mademoiselle Desserts, a French leader in the frozen bakery industry who have a major UK base in Northamptonshire. The management team are set to reinvest alongside the Fund.
Commenting on the announcement, Didier Boudy, CEO of Mademoiselle Desserts, said: “IK’s unrivalled experience investing in European food businesses makes them an ideal partner. With their support, Mademoiselle Desserts will be well-positioned to capture market share and continue its active build-up strategy, for which we were actively backed by Equistone over these last year.”
Arnaud Thomas, Partner at Equistone Partners Europe, added: “We are proud of our support for the teams at Mademoiselle Desserts during nearly five years, both to develop original business lines and to pursue its international external growth strategy, particularly in the UK.”
“This investment opportunity fits perfectly into IK’s investment strategy. We are impressed by the Group’s development in the UK, France and the Netherlands. Together with the management team, we will strive to broaden the product portfolio via targeted acquisition opportunities,” said Rémi Buttiaux, Partner at IK Investment Partners and advisor to the IK VIII Fund.