Clearwater International advises the shareholders of La Romainville on its sale to BIP Capital Partners

Clearwater International has advised the shareholders of La Romainville on its sale to BIP Capital Partners (BIP), via BIP FUND (SCA). The transaction was carried out alongside the management team led by President of La Romainville Yves Hombreux.

Founded in 1949 by Arturo Filippi, and managed since 2007 by Didier Level and Yves Hombreux, La Romainville is a leading pastry maker of family, personalised and festive cakes for special occasions headquartered in Clichy-sous-Bois. With more than 100 recipes which are constantly being reinvented, the group produces 800,000 cakes each year in line with its homemade traditions in its pastry laboratory in the Paris suburb. La Romainville pastries are available in France in its 31 shops, its recently developed partners shops and via the website www.laromainville.fr (for direct delivery or pick-up in shops).

BIP becoming shareholder will allow the business, to further modernise the laboratory, accelerate the development of the shop network in new cities (most of the shops being currently near Paris), to finance the development of the website and to work on further B2B growth drivers.

sold to

Sell-side

Undisclosed
Clearwater Advisers
Adviser to the shareholders of La Romainville on its sale to BIP Capital Partners
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The sale of La Romainville took place in a complex environment due to the Group's historical shareholding structure. Clearwater International's team was particularly persistent and efficient throughout the process. We are delighted to welcome BIP to our side. This operation gives us the opportunity to back the Group with an experienced partner and to give it the means to pursue an ambitious development policy, with the support of all the Group's employees.

Yves Hombreux, President of the group La Romainville

We were attracted by the unique positioning of La Romainville on the traditional and family pastry market in France. We are convinced that the company benefits from high growth potential by leveraging its operational excellence, exploring new areas in France and continuing the development of its website. We are very happy to have been chosen by the team of La Romainville to support them in their next stage of their development. This transaction perfectly demonstrates the investment strategy of BIP.

Estelle Fornallaz, Partner at BIP Capital Partners

We are very pleased to have accompanied the shareholders of La Romainville in this transaction with BIP Capital Partners, which will enable the Group to implement an ambitious development policy. This transaction once again demonstrates Clearwater International's expertise in primary transactions with founders and investment funds selected for their relevance in supporting development.

Nicolas Saint-Pierre, Managing Partner at Clearwater International

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