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Bridgepoint Europe IV Fund, the UK based investment fund of Bridgepoint, the UK based private equity firm has acquired Dr Gerard Sp. z o.o., the Poland based company that produces and markets cookies and chocolate products from Biscuits Poult SAS, the France based company engaged in producing biscuit and cookies, for an undisclosed consideration. The deal is estimated to be valued at EUR 118m.

Dr Gerard reported revenues of EUR 70m in 2012 and has a total of. 950 employees. Dr Gerard is expected to generate revenues of EUR 57m and EBITDA of EUR 14m in 2013. The acquisition is in line with Bridgepoint's growth strategy to concentrate on Central and Eastern Europian market, along with focus in the Polish market. The transaction will also help in the future growth and expansion of Dr Gerard in the global market.

Prior in 2010, Biscuits Poult bought Dr Gerard.

Source Link:
Bridgepoint press release, 02 October 2013

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