French investor Sagard sold Les Délices des 7 Vallées to Mademoiselle Desserts SAS for an undisclosed sum.

Les Délices supplies frozen desserts to specialty department stores, retail outlets and restaurants in France. Sagard invested in Les Délices in 2015, alongside the founding Heunet family and management team.

Mademoiselle Desserts provides frozen bakery goods in Europe, with 10 production sites across France, the U.K. and the Netherlands.

Mayer Brown provided legal advice to the seller. BNP Paribas provided M&A advice and Willkie Farr & Gallagher LLP provided legal advice to the buyer. PwC handled financial due diligence for both parties.