CFI France advised the shareholders of Michalak Paris in the sale of majority control to Kresk Développement.
Paris – CFI is pleased to announce that it acted as exclusive financial advisor to Michalak Paris in the sale of 70% of its shares to Kresk Développement.
Founded in 2013 by Christophe and Delphine Michalak, Michalak Paris is a French gastronomy group specializing in high-end pastry and creative artisanal bakery. The Michalak group, present in France and Japan, designs and distributes unique creations through a network of pastry shops and bakeries. The group relies on the strong reputation of Christophe Michalak to develop its digital offering and pastry school. Christophe Michalak, former pastry chef at the Plaza Athénée Hotel and 2005 World Pastry Champion, retains a minority stake in the Michalak Group.
Following a competitive process led by CFI France, the Michalak group has chosen Kresk Développement as its reference shareholder for a new stage in its development. The growth plan drawn up by Christophe and Delphine Michalak consists of strengthening the territorial coverage in France and abroad. To this end, they plan to increase the number of pastry shops in Paris, increase the number of bakeries in the provinces and open new shops in Asia.
KresK Développement is the family office of Didier Tabary, former majority shareholder of Laboratories Filorga, whose assets exceed €1.5 billion and are divided into four divisions: Kresk Cosmetics, Kresk Private Equity, Kresk Real Estate and Kresk 4 Oceans. The investment structure focuses on high growth companies with strong values.
This transaction closed on 27 January 2023
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has sold 70% of its shares to
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Kresk Developpement has bought 70% of Michalak Paris, a well-known brand of patisseries which has three store fronts and one bakery in France and Japan
This transaction was advised by:
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