Aryzta

Aryzta AG is a global leader in value added baked goods. With a focus on innovative product development, the company produces an extensive offering of speciality bread, viennoiserie, patisserie, delicatessen and baked products under a world class portfolio of well-known brands. Aryzta services an extensive network of customers in food service and retail channels extending from North America through Europe to South East Asia and Australia. The company operates 23 manufacturing and 111 distribution facilities and has 8,000 employees. In its most recent fiscal year, Aryzta generated pro forma revenues of €2.3 billion.

Lion Capital’s investment in Aryzta originated with the Firm’s initial investment in Hiestand Holding AG. In February 2008, Lion Capital acquired a 32% stake in publicly-listed Hiestand, a leading European value added bakery and convenience food company with strong market positions in Switzerland and Germany. In June 2008, Lion sold its stake in Hiestand to IAWS Group plc, and subsequently, the two companies were merged to create Aryzta AG, a new Swiss-based holding company with dual primary listings on the SWX Swiss and Irish Exchanges. Lion Capital sold its shares in Aryzta in early 2009.