Cerelia has acquired English Bay Batter from Kilmer Van Nostrand
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that it served as the exclusive buy-side advisor to Cerelia SA (“Cerelia”) in the acquisition of that English Bay Batter Co. (“English Bay”), a portfolio company of Kilmer Van Nostrand Co. (“Kilmer”).
Founded in Vancouver, British Columbia, in 1983, English Bay is a leading manufacturer of cookies, muffins, brownies and other pastries. English Bay’s products are widely distributed across the United States and Canada through retail and foodservice channels.
Cerelia, backed by IK Investment Partners since 2015, is a leading French producer of ready-to-bake dough and ready-to-heat pancakes in Europe. The addition of English Bay will accelerate Cerelia’s development in North America and create an international group able to meet a broad set of customer needs with an enlarged range of products across retail, in-store bakery and foodservice distribution channels.
Lincoln acted as the exclusive buy-side advisor to Cerelia, working closely with Cerelia’s management team, shareholders and advisors throughout the sale process to provide advisory expertise and manage the valuation, due diligence and negotiation phases of the transaction.
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