Global law firm White & Case LLP has advised CPK (Carambar-Poulain-Krema), holding company of French-based confectionery group Carambar&Co, on its entry into exclusive talks with German-based confectionery group Katjes International in relation to the combination of Carambar&Co and Lutti.
Carambar&Co, which is controlled by investment firm Eurazeo and holds numerous iconic chocolate and confectionary brands, is ranked second in the French market, whereas Lutti, which also holds a number of well-known brands, is ranked third in the French market and first in the Belgian sweets market. Once completed, the combined group would become one of the leaders of the French confectionery market with a presence in all segments thereof.
The transaction is expected to be completed by the end of the year after CPK and Katjes International employees representative bodies having been consulted and clearances of the relevant anti-trust authorities having been received.
The White & Case team in Paris that advised CPK was led by partner Guillaume Vallat and included partners Norbert Majerholc and Alexandre Jaurett, with support from counsel Jean Paszkudzki and associate Thomas Chardenal.
White & Case advised Eurazeo in 2017 on its acquisition of a portfolio of iconic European chocolate and confectionery brands and businesses from Mondelez International, as well as on the creation of the new group Carambar&Co.
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