Européenne des Desserts, which currently covers 75 per cent of the French pastry market, expects to post revenues of €140m next year.
The company said it plans to expand its range of products in France and make acquisitions to expand into international markets.
Ardian managing director Guillaume Chinardet said, “We are delighted to be able to help Européenne des Desserts reach a new chapter in its growth story through the provision of a unitranche financing facility.
“Companies have an increasing need for greater flexibility and access to the necessary resources to finance their investment projects, which is now difficult to find with traditional lenders. Unitranche financing can provide the solution required to fill this gap.”
Equistone acquired the company in october via its Equistone Partners Europe Fund IV vehicle, which closed earlier this year on €1.5bn.
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