Frozen Products
Lézigan-Corbières, France
Entry in 2016
Exit in 2023
Buyer: PAI Partners
“Together with Argos, we have made the company the leading premium frozen desserts supplier for the food service market.”
Philippe Bonny
CEO
FRANCE
What we achieved together
Leveraging know-how
LCDD successfully replicated its business model in the UK, Spain, Portugal and Belgium.
It also established operations in Switzerland and the US.
Accelerating Growth
Acquisitions
The company expanded its range of products through three acquisitions:
Destiny Foods
UK (2016)
Ice Natur
Spain (2019)
Philippe Faur
(2022)
Contributing to the Energy transition
LCDD introduced vegan and environmentally responsible products
Organisation
Smooth There was a smooth management transition and phase-out of prior owners.
The organisation was strengthened (finance, R&D and marketing).
The sales department improved its performance and profitability increased (pastry production plant).
Growth
LCDD almost doubled its revenues to €117 million and its workforce to over 700.
“Philippe Bonny and the LCDD team showed a great capacity to adapt and rebound during and after the Covid crisis”
Latest News
PAI Partners to acquire La Compagnie des Desserts from Argos Wityu
PAI Partners (“PAI”), a pre-eminent private equity firm, today announces that it has agreed to acquire La Compagnie des Desserts (“LCDD” or “the Company”), a leading premium frozen desserts supplier for the food service market, from independent European investment fund Argos Wityu. Credit Mutuel Equity, which held 20% of the shares alongside Argos Wityu, also exits completely, having supported the Barral family, founders of LCDD, since 2005.
La Compagnie des Desserts, a company supported by Argos Wityu, acquires Groupe Philippe Faur, Maître Artisan Glacier.
Lézignan-Corbières (France), 31 January 2022 – La Compagnie des Desserts, a desert specialist serving restaurants and food service companies, is to merge with Groupe Philippe Faur, whose eponymous chief executive holds the title of Maître Artisan Glacier, a French distinction granted to master desert makers.
