Clearwater 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.
