96 branches saved as brand bought out of administration
Causeway Capital Partners has concluded an agreement to acquire the assets and business of Patisserie Valerie from its administrators KPMG for an undisclosed amount. The transaction has been funded with investment from Causeway Capital and the new management of the business, led by Steve Francis as CEO.
Founded in London’s Soho district in 1926, Patisserie Valerie is a UK high street branded cafe and casual dining business offering cakes, pastries, snacks, meals and hot and cold drinks. The company will maintain 96 branches across Great Britain and Northern Ireland.
Causeway Capital’s Matt Scaife, commented: “Patisserie Valerie is a heritage brand, much loved by its loyal customers. This investment should mark the end of a turbulent period for customers and suppliers alike.”