BGH Capital’s investors are rolling in dough after the buyout firm completed a deal to sell its stake in Melbourne French bakery chain and artisan breadmaker Laurent Bakery Group for a valuation of around $650 million.
Street Talk understands Rothschild-advised Bridor – a global bakery giant founded in 1988 by Louis Le Duff and based in Brittany, France – agreed terms to acquire Laurent Bakery in late December. The exit is understood to have served up a circa three-times return for BGH in less than four years.
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