Financial Advisor
Village Bakery
M&A Advisory
Has Been Acquired By
Transaction Details
- On July 10, 2024, Village Bakery (the “Company”), a producer of baked goods at scale for leading brands across the retail, hospitality and food service sectors in the UK and a portfolio company of Limerston Capital, announced the sale to a leading French bakery business, Groupe Menissez. The transaction delivered a return in excess of 3.5x MoM and 50% IRR for Limerston Capital.
About the company
Village Bakery
Village Bakery produces baked goods at scale for leading brands across the retail, hospitality and food service sectors in the UK. Limerston invested in Village Bakery in 2021 and has overseen a period of investment and rapid growth including the opening of a new 140,000 sq ft ‘super bakery’ at the company’s headquarters in Wrexham, UK.
Groupe Menissez
Based in Feignies, France, Groupe Menissez is a family business founded in 1965 and owned by Laurent Menissez and his family. Its bakery business generates group sales of around €600m. Groupe Menissez has become one of the world's leading value-added industrial bakers, with products tailored to its customers (bake at home, modified atmosphere packaging and fresh products). With this investment, Groupe Menissez continues to grow following its partnerships with Boulart in Canada, Délice de France in the UK, Van Roy in the Netherlands and Lemarié Patissier in France.
Limerston Capital
Founded in 2015 by James Paget, João Rosa and Martim Avillez, London based Limerston Capital pursues control investments in UK mid-market companies and seeks to create value through the firm’s buy-and-build and operationally focused model. The firm targets businesses with EBITDA of between £5 million and £15 million that have a solid value proposition, but have potential for operational improvements, have mispriced underlying returns on capital and provide opportunities for strategic repositioning via consolidation.
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