Areyhold Acquires Significant Minority Stake (49%) in Artisanal Bakery Pan.Delirio with Advisory from RLD
- RLD
- Aug 1
- 2 min read
Press Release
Madrid, July 30, 2025 – Family office Areyhold has acquired a 49% stake in Pan.Delirio, Madrid's renowned artisanal bakery owned by the Cocheteux family, including an equal share in its prestigious baking school Materia. The transaction was advised by boutique law firm RLD, specializing in corporate and M&A.
Key Deal Highlights:
Strategic gourmet sector investment: Areyhold reinforces its commitment to premium food with Pan.Delirio, an established Madrid brand with strong national and international growth potential.
Commitment to artisan craftsmanship and education: The Materia school becomes a center of excellence for training new generations of bakers, addressing a critical skills gap in the sector.
Founding family retains operational control: The Cocheteux family maintains leadership, preserving the artisanal legacy that made the brand a Madrid benchmark.
Pan.Delirio, recognized for its artisanal family bakery and annual award winner, has consolidated its presence in the Madrid market through three owned stores in strategic central locations. Additionally, the brand has expanded its distribution through selective corners in premium supermarket chain Sánchez Romero, as well as in chosen locations at key El Corte Inglés stores in the capital. This combination of owned stores and premium retail partnerships reflects the brand's quality and exclusive positioning.
This transaction reinforces Areyhold's strategy to diversify its investment portfolio with a focus on businesses offering growth potential and differential value. The investment in Pan.Delirio will not only drive the brand's expansion but will also explore new opportunities across different sectors, broadening its reach in the gourmet market where it stands out from competitors.
Areyhold thus invests in a project with strong artisanal roots and national potential, while the Cocheteux family maintains majority ownership and continues leading the creative and operational direction of the business.
RLD, which has advised Areyhold since its inception, has again supported the family office in this transaction, strengthening their strategic relationship and reinforcing its specialization in family office transactions.