Private Equity acquisition
Food & Beverage
Spayne Lindsay is delighted to announce that it has advised PAI Mid-Market Fund (“PAI MMF”) on its acquisition of La Compagnie des Desserts (“LCDD”), a leading premium frozen desserts supplier for the food service market.
LCDD creates, produces, sells and distributes artisanal ice cream and premium frozen pastries to more than 23,000 food service clients across Europe, mainly in France, Spain and the UK. The company is a highly regarded player in the dessert market, with unique access to food service customers and praised for the quality of its products
In 2020, PAI Partners launched the €920 million PAI Mid-Market Fund which makes investments in leading mid-market companies across Europe. PAI MMF is highly distinctive in combining both a strong local presence and the ability to access PAI’s wider experience and international platform. LCDD is PAI MMF’s sixth investment after Amplitude Surgical, Angulas Aguinaga, MyFlower, Scrigno and Uvesco.
This acquisition is Spayne Lindsay’s tenth transaction in the bakery and dessert sector in Europe and fifth in France over the last two years, underlining our unique sector expertise.