November 13, 2013

Willkie assists Ardian (formerly AXA Private Equity) on the financing aspects of the transaction.

Equistone Partners Europe, one of Europe’s leading mid-market private equity managers, recently announced the acquisition of a majority stake in Européenne des Desserts from CEREA Partenaire and Azulis Capital, along with the current management team. The outgoing shareholders will retain a minority stake. Willkie advised Ardian, formerly AXA Private Equity, on the financing aspects of the transaction. Européenne des Desserts is a French leader in the frozen baking industry employing more than 770 people across five production sites in France and in the UK. The group supplies some of the largest organizations in the retail and catering sectors.

The deal was handled by partner Christophe Garaud, national partner Paul Lombard and associates Igor Kukhta, Claire de Bonnières and Gil Kiener.