Page 31 - Patisserie Valerie Teaching Note
P. 31
Causeway Capital Partners
The acquisition by Causeway Capital Partners of almost 50%
(96 stores) of Patisserie Holdings stores was a good fit with
their existing businesses. Moreover, the management
buyout meant that business experience was retained within
the acquisition.
After reviewing the acquired stores some 14 were sold
thereby allowing a reduction in debt and a more efficient
operation to emerge as operating costs (100 jobs) fell.
