December 2019

Armada has provided its expertise to Cérélia, a leading transatlantic provider of innovative bakery solutions, on its sale to Ardian, a world leading private investment house, by IK Investment Partners.

Cérélia is a leading transatlantic provider of innovative bakery solutions with a product portfolio including ready-to-bake pie and pizza dough, pancakes, crepes and cookies.

Headquartered in Paris, Cérélia employs over 1,600 people, operates 12 facilities across Europe and North America, sells its products in more than 50 countries around the world and generates nearly €500 million of revenue. Set up of a management package for 151 managers.