Ardian Acquires Cérélia from IK Investment Partners

Cérélia Acquires US Waffle; Continental Grain Makes Strategic Investment in Cérélia

March 30, 2021

Food & Beverage

Ardian-backed Cérélia has acquired US Waffle, a South Carolina-based maker of premium pancakes and waffles, to accelerate its North American expansion and enter the breakfast category. Separately, Continental Grain Company made a strategic equity investment in Cérélia to support the group's growth initiatives in bakery and frozen breakfast products.

IK Investment Partners to Acquire Majority Stake in Kersia from Ardian

October 12, 2020

Manufacturing

IK Investment Partners' IK IX Fund has entered exclusive negotiations and allocated CSR-linked financing to acquire a majority stake in Kersia from Ardian. Kersia is a global leader in biosecurity and food safety with revenues above €300m, operations in 120+ countries and more than 1,500 employees; IK intends to support the company's next stage of growth and sustainability agenda.

CVC Acquires Grupo Monbake from Ardian and Co-investors

March 26, 2024

Food & Beverage

CVC funds have acquired the entire stake in Grupo Monbake from Ardian and its co-investors Alantra, Artá and Landon. The private markets manager will partner with Monbake's existing management to drive global expansion and strengthen the group's innovation and production capabilities in the frozen dough and bakery sector. Transaction financial terms were not disclosed.

Naturellement Gourmand (Abenex) Acquires Les Délices du Chef

March 14, 2019

Food & Beverage

Naturellement Gourmand, the food group controlled by private equity firm Abenex, has acquired Les Délices du Chef, a Breton producer of blinis, pancakes, crêpes and galettes. The deal brings the 50-employee company into the NG group (which includes Tartefrais), strengthens the group's presence in organic and export channels, and sees the sellers/management reinvest alongside Abenex and Arkéa Capital.

Kersia (Ardian-backed) Acquires Choisy Laboratories from Trudeau Family and Champlain Financial

July 18, 2019

Manufacturing

Kersia, the Ardian-backed global leader in food safety and biosecurity, has acquired Choisy Laboratories Ltd., a Quebec-based developer and manufacturer of chemical, biotechnological and biosecurity hygiene solutions, from the Trudeau family and Champlain Financial Corporation for an undisclosed amount. The deal expands Kersia's North American footprint, adds Choisy's enzymatic and biotech capabilities, and brings c.250 employees and additional R&D and manufacturing capacity into the Kersia network.

Verlinvest and Mistral Equity Partners Acquire Majority Stake in Insomnia Cookies from Krispy Kreme

July 17, 2024

Restaurants & Hospitality

Verlinvest and Mistral Equity Partners purchased a majority ownership stake in Insomnia Cookies for a total enterprise value of $350 million, with the transaction closing on July 17, 2024. Krispy Kreme received $127.4 million (plus an expected $45 million following a refinance), will retain ~34% minority ownership, and Insomnia Cookies founder Seth Berkowitz will remain CEO.