Eurazeo receives legal counsel for entering exclusive negotiations with Ferrara Candy Company over the selling of CPK Group.
In a significant move, Eurazeo, a leading European investment group, has announced its intention to sell its entire financial stake in the CPK Group to Ferrara Candy Company, a subsidiary of the Ferrero Group. The sale, contingent on regulatory approvals, is expected to be completed in the fourth quarter of 2025.
CPK Group, which includes popular confectionery and chocolate brands such as Carambar, Lutti, Krema, Michoko, Terry's, Poulain, and 1848, is currently owned by Eurazeo. The sale will see Ferrara Candy Company become the new owner of these iconic brands.
The transaction is being advised by the global law firm White & Case LLP. Guillaume Vallat and Edouard Le Breton, partners at White & Case's Paris office, are leading the transaction, with Serena Porhel serving as the associate. Both Vallat and Le Breton specialize in Mergers & Acquisitions, with Le Breton also focusing on Private Capital, Consumer & Retail, and service areas including Western Europe and France.
It's important to note that this sale does not involve the entire Ferrara Candy Company, but a portion of it. The transaction also requires approval from competition authorities.
CPK, an independent platform operating in the confectionery and chocolate market, was created in 2017 following Eurazeo's acquisition of 14 iconic European Brands from Mondelez International. White & Case also advised on the combination between CPK and Lutti in 2018.
Ferrara Candy Company, known as a top-selling sugar candy company in the United States, will become the new custodians of these beloved brands, subject to the finalization of the information and consultation process with CPK's employee representatives.
This sale marks a significant step for both Eurazeo and Ferrara Candy Company, and it's an exciting time for fans of these iconic confectionery brands. As we await the finalisation of the deal, we look forward to seeing how Ferrara Candy Company will shape these beloved brands in the future.
- The global law firm White & Case LLP is advising on the sale of CPK Group, with Guillaume Vallat and Edouard Le Breton serving as partners and Serena Porhel as an associate.
- Both Vallat and Le Breton specialize in Mergers & Acquisitions, with Le Breton also focusing on Private Capital, Consumer & Retail, and service areas including Western Europe and France.
- The sale of CPK Group, which includes brands like Carambar, Lutti, and Terry's, will see Ferrara Candy Company become the new owner, contingent on regulatory approvals.
- The transaction does not involve the entire Ferrara Candy Company, but a portion of it, and requires approval from competition authorities.
- The sale marks a significant step for Eurazeo, as it relinquishes its ownership of CPK Group, a platform it created in 2017 following its acquisition of 14 iconic European Brands from Mondelez International.
- White & Case also advised on the combination between CPK and Lutti in 2018.
- As we await the finalization of the deal, it's an exciting time for fans of these iconic confectionery brands, as Ferrara Candy Company, a top-selling sugar candy company in the United States, prepares to shape these beloved brands in the future.
