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.

The opportunity

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.

Investment year

2019

Head office

France

Status

Invested

Website

http://mademoiselledesserts.com

Risk warning
Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Investors should review the relevant Key Information Document (KID) brochure prior to making an investment decision.
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