CapVest to Acquire Chocolate Maker Natra

July 20, 2022

Willkie advised CapVest on its proposed acquisition of Natra, a leading European chocolatier.

On July 15, funds managed by Willkie client CapVest Partners announced its agreement to acquire Natra, a European producer and distributor of chocolates and cocoa products, from Investindustrial.

Established in 1943, Natra is a leader in the production of chocolate bars, pralines, tablets and spreads which it sells in more than 90 countries worldwide. With a turnover in excess of €410 million in 2021, 1,000 employees and six production plants in Spain, Belgium, France and Canada, Natra combines traditional high-quality European chocolate making with constant innovation to meet changing tastes and needs of consumers around the world.

The transaction is subject to standard closing conditions and regulatory approvals.

CapVest Partners is a leading international private equity investor based in London and New York.

Willkie previously advised CapVest Partners on numerous transactions, including in the food and beverage sector, examples of which include the acquisitions of Second Nature Brands, a leading creator of snacks and treats, and Campbell’s European Chips Business.

The Willkie team was led by partners David Arnold and Andrew Gray.