5 September 2018
CPK (Carambar-Poulain-Krema), holding company of French-based confectionery group Carambar & Co, entered 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.
Gide advised Katjes International on this transaction with a team led by partner Thomas Urlacher, assisted by associates Natalia Li and Charles-Douglas Fuz, on corporate M&A aspects; partner Magali Buchert on tax aspects; partner Emmanuel Reille, assisted by associates Wenceslas Chelini and Gabriel Curnier on competition aspects; and partner Jean-Hyacinthe de Mitry, assisted by associate Cécile Pak Leung, on IP law aspects.
White & Case and Bredin Prat advised CPK.