Sale of Patisserie Valerie to Risk Capital Partners
September 20, 2006
Acting on behalf of Patisserie Valerie owners Enzo, Robert and Victor Scalzo, Coffer Corporate Leisure advised on the sale of the company to Risk Capital Partners, the private investment vehicle of restaurant entrepreneur and Channel 4 chairman Luke Johnson.
Risk Capital acquired an 80% stake in the business which operates 8 high quality Parisian style café Patisseries in London as well as an additional 3 under licence. It will significantly expand the business, assisted by the management of Victor and Robert Scalzo who will retain a 20% stake in the parent. A discreet marketing process was undertaken with a large number of offers received both from operators seeking to acquire the entire business and from private equity buyers seeking to back the existing management team.