What is Mademoiselle Desserts?
Mademoiselle Desserts is a leading European manufacturer of premium frozen pastry.
What does Mademoiselle Desserts do?
Mademoiselle Desserts offers a wide product range of US and European desserts to a globally diversified customer base. Mademoiselle Desserts benefits from market leading positions in France and the UK in addition to a strong and growing presence in the US.
SLPET co-invested alongside IK Investment Partners into MD because:
- Resilient and growing industry due to the continued shift towards industrialisation from Artisan products
- Excellent management team supported by high quality sponsor
- Well invested manufacturing sites with best-in-class production efficiency
- Robust cash generation with c.75% cash conversion
Why we like the investment
MD offers an opportunity to co-Invest into an attractive European platform backed by a sponsor with an excellent track record in this sector. Interesting entry point 9 months after the GP’s initial investment and following the completion of 2 meaningful add-ons. Multiple value creation levers with upside potential from integration synergies not factored into plan.