Former Pizza Express man buys Druckers

Luke Johnson's Risk Capital Partners buys the Birmingham-based chain


The man accredited with turning Pizza Express into a major European brand has bought out one of the nation’s best-loved patisserie companies.

Luke Johnson, whose private equity business Risk Capital Partners bought the London chain Patisserie Valerie last year, has now acquired Druckers the retail pastry business.

Johnson is now chairman of both companies and plans to dominate the sector by merging the ‘highly complimentary businesses’ into one. However, the two companies shall retain their brands and identities. Druckers, a Birmingham-based business was founded in 1965 by Austrian immigrant Andre Drucker and has 42 sites in the UK.

 

Its merger with Patisserie Valerie will create a combined £25m business with over 50 branches and earnings of over £3m.

“Both offer authentic pastries and light meals, breakfasts, elevenses, lunches, teas and early suppers,” Johnson said.

“They share the same ethos of excellent high quality and traditional European patisserie.

“We have been negotiating to buy Druckers for many months and are delighted to have secured the prize.

“The two operations fit very well together and make us easily the market leader in this fast-expanding sector.”

This is RCP’s third transaction in 2007 having invested in APT Controls, the market leader in car parking equipment and in Public Recruitment Group, which provides staff in the educational and social work sectors.

© Crimson Business Ltd. 2007

The man accredited with turning Pizza Express into a major European brand has bought out one of the nation’s best-loved patisserie companies.

Luke Johnson, who’s private equity business Risk Capital Partners bought the London chain Patisserie Valerie last year has now acquired up Druckers, the retail pastry business.

Johnson is now chairman of both companies and plans to dominate the sector by merging the ‘highly complimentary businesses’ into one. However, the two companies shall retain their brands and identities. Druckers, a Birmingham-based business was founded in 1965 by Austrian immigrant Andre Drucker and has 42 sites in the UK.

Its merger with Patisserie Valerie will create a combined £25m business with over 50 branches and earnings of over £3m.

“Both offer authentic pastries and light meals, breakfasts, elevenses, lunches, teas and early suppers,” Johnson said.

“They share the same ethos of excellent high quality and traditional European patisserie.

“We have been negotiating to buy Druckers for many months and are delighted to have secured the prize.

“The two operations fit very well together and make us easily the market leader in this fast-expanding sector.”

This is RCP’s third transaction in 2007 having invested in APT Controls, the market leader in car parking equipment and in Public Recruitment Group, which provides staff in the educational and social work sectors.

© Crimson Business Ltd. 2007

The man accredited with turning Pizza Express into a major European brand has bought out one of the nation’s best-loved patisserie companies.

Luke Johnson, who’s private equity business Risk Capital Partners bought the London chain Patisserie Valerie last year has now acquired up Druckers, the retail pastry business.

Johnson is now chairman of both companies and plans to dominate the sector by merging the ‘highly complimentary businesses’ into one. However, the two companies shall retain their brands and identities. Druckers, a Birmingham-based business was founded in 1965 by Austrian immigrant Andre Drucker and has 42 sites in the UK.

Its merger with Patisserie Valerie will create a combined £25m business with over 50 branches and earnings of over £3m.

“Both offer authentic pastries and light meals, breakfasts, elevenses, lunches, teas and early suppers,” Johnson said.

“They share the same ethos of excellent high quality and traditional European patisserie.

“We have been negotiating to buy Druckers for many months and are delighted to have secured the prize.

“The two operations fit very well together and make us easily the market leader in this fast-expanding sector.”

This is RCP’s third transaction in 2007 having invested in APT Controls, the market leader in car parking equipment and in Public Recruitment Group, which provides staff in the educational and social work sectors.

© Crimson Business Ltd. 2007

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