acquired a majority stake in
September 20th, 2022
Natixis Partners advised Waterland Private Equity in raising financing for the acquisition of a majority stake in Boncolac and Mag’M.
Based in Toulouse, Boncolac is the subsidiary of the Sodiaal cooperative specialized in the manufacture of frozen pastries and catering products for restaurants, networks of frozen stores and retail. Under the impulse of its new Management led by Alexandre Vigneron, the group has been carrying out since 2018 a project to relaunch growth and improve profitability which has led the group to generate c. 80M€ revenues in 2021. Created in 2005 by Charles Mathé and located near Nantes, Mag'M specializes in premium macaroons and pastries, for retail and food service, and has won over a demanding international clientele over the years on 4 continents and more than 30 countries. Waterland Private Equity takes over from the shareholders of the two companies, Sodiaal and the Mathé family, who sell their majority holdings on this occasion. This operation also allows their reinvestment as minority shareholders.