Irish private equity firm rescues Patisserie Valerie
Causeway Capital Partners has struck a deal for the assets and business of the cafe chain’s parent after an accounting scandal pushed it into insolvency
Patisserie Valerie has been rescued by Irish private equity firm Causeway Capital Partners after an accounting scandal pushed the UK cake baker into insolvency.
Causeway Capital struck a deal for the assets and business of the cafe chain’s parent Patisserie Holdings, according to a statement. Causeway Capital and the bakery chain’s new management, led by chief executive Steve Francis, funded the transaction.
Patisserie Valerie, a well-known fixture on Britain’s shopping streets, attracted interest from...
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply