ARDIAN reaffirms its support to Mademoiselle Desserts and co-arranges A €50M subordinated financing to finance its acquisition by IK Investment Partners

Ardian

Paris, July 26th 2018 – Ardian, a world-leading private investment house, today announces that it has co-arranged a €50m subordinated financing to support the acquisition of Mademoiselle Desserts by IK Investment Partners. The financing package includes a committed acquisition line to support the Group’s growth strategy.

Mademoiselle Desserts is one of the leading producers of frozen baked goods in Europe. Founded in 1984, the Group offers a wide range of high-quality and innovative products distributed to some of the largest organizations in the retail and foodservice market. Mademoiselle Desserts, which currently employs 1,300 people across nine production facilities in France, the UK and the Netherlands, holds a leading position in France and the UK due to a diversified range of quality pastries.

The Group is forecast to reach approximately €225m in sales in 2018.

Guillaume Chinardet, Head of Ardian Private Debt France and Managing Director, said: “We look forward to continue supporting the Group in this new chapter of its growth journey alongside IK Investment Partners, a valuable partner with strong expertise in the European food market. We are convinced that Mademoiselle Desserts will achieve further growth via strategic acquisitions to broaden the product portfolio and penetrate new markets.”

Gregory Pernot, Director in Ardian’s Private Debt team, added: “We’ve been working alongside Mademoiselle Desserts since November 2013, when we arranged a unitranche financing for the Group. Ever since, we have seen the strong development of Mademoiselle Desserts under the leadership of Didier Boudy and the management team, and have actively supported its strategic acquisitions of several entities in the UK and the Netherlands. This second financing with Mademoiselle Desserts emphasizes our investment approach based on long-term partnerships.“

Didier Boudy, CEO of Mademoiselle Desserts, added: “Since 2013, Ardian Private Debt has been a strategic partner for Mademoiselle Desserts’ development. Their agility and reactivity combined with their very good understanding of our industry has been totally key to complete strategic acquisitions. It was then natural to secure their participation to our next roll with IK Investment Partners.”

“We are impressed by the Group’s development in the UK, France and the Netherlands. Together with the management team, we will strive to broaden the product portfolio via targeted acquisition opportunities. Ardian has been a long-term partner of the Company, and we are delighted to see them reaffirm their support. ” said Rémi Buttiaux, Partner at IK Investment Partners and advisor to the IK VIII Fund.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$71bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 500 employees working from fourteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore and Tokyo). It manages funds on behalf of around 700 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Ardian on Twitter @Ardian

ABOUT MADEMOISELLE DESSERTS

Mademoiselle Desserts, formerly known as Européenne des Desserts, is the French leader and one of the leading European players in the frozen bakery industry. Operating through 9 manufacturing sites in France, the UK and the Netherlands, Mademoiselle Desserts offers a large range of premium frozen industrial pastry products to its retail and foodservice customers. The Group employs a total of 1,300 people.

ABOUT IK INVESTMENT PARTNERS

IK Investment Partners is a Pan-European private equity firm having raised more than €9.5 billion of capital. Since 1989, IK has raised more than €9.5 billion of capital and invested in over 115 European companies, its current portfolio being composed of 28 companies. IK mainly invests in mid-sized companies that have strong market positions and strong improvement potential.

LIST OF PARTIES INVOLVED

Ardian Private Debt: Guillaume Chinardet, Gregory Pernot, Gabrielle Philip
IK Investment Partners: Rémi Buttiaux, Dan Soudry, Diki Korniloff, Thibaut Richard, Guillaume Veber
Financing Legal Advisor (Ardian): De Pardieu Brocas Maffei – Yannick Le Gall, Eryk Nowakowski, Sonia Bouaffassa

PRESS CONTACTS

ARDIAN
Headland
Carl Leijonhufvud
cleijonhufvud@headlandconsultancy.com
Tel: +44 020 3805 4827

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VALEDO invests in PINCHO NATION

Valedo

Valedo Partners III AB (“Valedo”) has invested in the restaurant chain Pincho Nation AB (”Pinchos”) alongside its founders, key employees and board of directors. With Valedo as a new majority owner, Pinchos will benefit from increased resources in the form of competence and capital to realize and accelerate the Company’s long-term growth and development plan.

Pinchos is a unique app-based restaurant concept, offering a broad menu of appetizers drawing inspiration from all over the world, including dishes such as Spanish quesadillas, Asian dumplings, Hungarian stake, French crème brûlée, and beverages such as mojitos, sangria, beer, and playful drinks in all the colors of the rainbow. The Company, founded in 2012 by Magnus Larsson, Jessica Ekelöf Larsson, Fredrik Mattsson and Johannes Räfsby, has grown significantly during the last years with approximately 45 units established in Sweden and Norway as of today. In 2017 alone, 17 new units were added to the chain and the Company plans to open more than 20 new units during 2018.

“Pinchos has during the last few years had a fantastic growth and development, and it is obvious that consumers really appreciate our unique concept and atmosphere. As a founder and leader of the business, I am very enthusiastic about accelerating the development further with the support of Valedo as a partner, alongside our motivated and competent employees. Valedo will contribute with important competence and financial resources to enable our next step in the strategic journey of Pinchos.” says Magnus Larsson, CEO of Pinchos.

The terms and conditions of the transaction are not disclosed.

For further information regarding Pinchos, please contact:

Magnus Larsson, CEO
magnus.larsson@pinchos.se

About Valedo:
Valedo is an independent Swedish investment group that invests in high-quality small and mid-cap companies in the Nordic region. Valedo focuses on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributor of both capital and industrial experience, Valedo helps to ensure that its companies can achieve their full potential. Valedo has completed 24 platform investments and more than 100 add-on acquisitions. Valedo’s businesses have a combined revenue of SEK ~4 500 million with ~3 300 employees in more than 20 countries. Valedo’s exited businesses have on average grown by ~250% during Valedo’s ownership.

www.valedopartners.com

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Jacobs Douwe Egberts makes a pre – conditional offer for all of Super Group Ltd for S$1.30 per share in cash , backed by irrevocable commitments representing 60 % of shares issued

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Singapore –Nov 3,2016 –
Super Group Ltd (SGX : S10.SI) (“SuperGroup”) and Sapphire Investments BV (“Sapphire”), an indirect wholly owned subsidiary of Jacobs Douwe Egberts BV (“JDE”),today announced that Sapphire has made a pre-conditional offer to acquire all the issued shares of SuperGroup,supported by irrevocable commitments received from
shareholders representing 60% of SuperGroup’s issued shares to tender their shares in the offer.This includes an
irrevocable commitment from YHS Investment,holding 11.69% of Super Group’s issued shares,whose undertakingto accept is subject to approval of its shareholders.

The offer will be at a price of S$1.30 per share or a total aggregate consideration of approximately
S$1.45 billion. The offer price represents a premium of:
approximately 34.0% over the last traded price per share as quoted on the Singapore Exchange on October 31
,2016, the date on which the shares were last traded on the Singapore Exchange prior to the trading halt on the shares which was called on October 31,2016;

and

approximately 62.6% over the volume weighted average share price of Super Group for the three month period ending
October 4, 2016, the last trading day of the shares prior to the date on which a query regarding trading activity was received on October 5, 2016 by Super Group from the Singapore Exchange.

The commencement of the offer is subject to the receipt of regulatory approvals.
The offer will be conditional upon Sapphire receiving more than 50%of Super Group’s issued shares being tendered
in acceptance of the offer. If Sapphire acquires 90% of the issued shares pursuant to the offer,
Sapphire intends to exercise its right to compulsorily acquire the remaining shares and privatise Super Group.

About Super Group.
Founded in 1987, the Company is a leading pan-Asian integrated instant food and beverage brand owner and manufacturer. Under its core Branded Consumer segment, the Company and its subsidiaries manufacture and distribute branded consumer products, primarily instant coffee and tea,
instant tea mixes and instant cereals, with a portfolio of over 160 instant beverage
and food products distributed in over 65 countries under multiple iconic brands such as
Super, Essenso, OWL and Nutremill. Under its complementary Food Ingredients segment, the
Company is one of the few companies in the world with raw material selection and manufacturing
capabilities in non-dairy creamer, instant soluble coffee powder and cereal flakes.
Super Group currently operates 15 state -of-the- art manufacturing facilities located in China, Malaysia, Myanmar,
Singapore, Thailand and Vietnam.

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