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IK Investment in talks to buy Mademoiselle Desserts

Published 04 May 2018

IK Investment Partners’ IK VIII Fund has entered into exclusive talks with Equistone Partners Europe, Céréa Partenaire, Azulis Capital and the management team to buy a majority stake in Mademoiselle Desserts.

The management team will reinvest alongside the Fund.

Established in 1984, Mademoiselle Desserts has grown to become the leading manufacturer of premium frozen industrial finished and semi-finished pastry in Europe.

Through its manufacturing sites in France, the UK and the Netherlands and highly experienced teams, the Group works closely with its customers to develop bespoke desserts to the highest food standards.

Mademoiselle Desserts CEO Didier Boudy 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 years.”

Equistone Partners Europe partner Arnaud Thomas said: "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."

IK Investment Partners partner and IK VIII Fund advisor Rémi Buttiaux said: "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.”

Mademoiselle Desserts marks the Fund’s second acquisition in France in the past month and reasserts IK’s expertise in the food sector, developed through successful previous investments across Europe: Linxis Group (2017), Salad Signature (2016), Cérélia Group (2015), Løgismose Meyers (2015), Solina Group (2011), Europe Snacks (2010) and Labeyrie (2002) amongst others.

The transaction is subject to consultation with employee representatives and to regulatory approvals.

Source: Company Press Release.