Acquisition of the Patisserie Valerie group of companies
HMT, led by partner Andrew Thomson, acted as reporting accountants for Risk Capital Partners on its acquisition of the Patisserie Valerie group of companies.
The original Patisserie Valerie business was established in 1926, and came into the ownership of the current owners, Victor, Enzo and Roberto Scalzo (all brothers), in 1987. The Patisserie Valerie Group has grown considerably in recent years with the opening of new branches, and today it operates eight cafes and a brasserie at sites across London.
Andrew Thomson commented:
“Whilst under the ownership of the Scalzo’s, the business has benefited from profitable growth, and the considerable sector experience and hands on approach from Risk Capital Partners should facilitate the aspirations of a major rollout being achieved.”