White & Case advises Eurazeo on entry into exclusive discussions with Ferrara Candy Company regarding sale of CPK Group

Global law firm White & Case LLP has advised Eurazeo, a leading European investment group, on its entry into exclusive discussions with a European holding company of Ferrara Candy Company regarding the sale of CPK.

Under the terms of the agreement, Eurazeo and its partners would sell their full financial stake in CPK, an independent platform which operates in the confectionery and chocolate market with a portfolio of iconic brands including Carambar, Lutti, Poulain, Krema and Michoko.

Completion of the transaction remains subject to the finalisation of the information and consultation process with the company's employee representatives and approval from the competition authorities.

Ferrara Candy Company is a top selling sugar candy company in the United States and a Ferrero-affiliated company.

White & Case previously advised Eurazeo on the acquisition of 14 iconic European Brands from the American group Mondelez International and the creation of CPK and its subsidiary Carambar & Co in 2017, as well as on the combination between CPK and Lutti in 2018.

The White & Case team in Paris which advised on the transaction was led by partners Guillaume Vallat and Edouard Le Breton and included associate Serena Porhel.

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