Ardian completed the $916m acquisition of Cerelia from IK Investment Partners.

Ardian completed the $916m acquisition of Cerelia, a provider of bakery solutions, from private equity firm IK Investment Partners. Financial terms were not disclosed. "We are excited to partner with Ardian as the team has a strong collaborative approach, a core skill set, and an extensive network. We were also convinced by Ardian’s primary business philosophy, a set of values that we also share," Guillaume Reveilhac, Cerelia Founder and CEO.