LONDON — European private equity firm IK Investment Partners (IK) has entered into exclusive negotiations with Equistone Partners Europe to acquire a majority stake in Mademoiselle Desserts, a producer of premium frozen bakery products. The transaction is subject to regulatory approvals.

Based in Montigny-le-Bretonneux, France, Mademoiselle Desserts manufactures finished and semi-finished frozen pastries at nine production sites in France, the U.K. and The Netherlands. With its strong development in the region, Rémi Buttiaux, partner, IK, believes that the dessert company will fit well within IK’s current investment strategies.

Mademoiselle Desserts joins a list of European food and food equipment companies IK has invested in over the past couple years, which include Linxis Group in 2017, Salad Signature in 2016 and Cérélia Group and Løgismose Meyers in 2015.

“IK’s unrivaled experience investing in European food businesses makes them an ideal partner,” said Didier Boudy, chief executive officer of Mademoiselle Desserts. “With their support, Mademoiselle Desserts will be well positioned to capture market share and continue its active build-up strategy, for which we were actively backed by Equistone over these last years.”