Nestlé Brasil Acquires CRM Group (Owner of Kopenhagen and Brasil Cacau)
September 6, 2023
Nestlé Brasil has entered into an agreement to acquire the entire stake held by FIP Dutch (quotaholders: funds managed by Advent International) in the CRM Group, owner of the Kopenhagen, Brasil Cacau and Kop Koffee brands. The deal — subject to CADE approval — will expand Nestlé's presence into premium chocolate retail and store-based consumer experiences; the transaction is expected to close in 2024 and financial terms were not disclosed.
- Buyers
- Nestlé Brasil
- Targets
- CRM Group (Grupo CRM)
- Sellers
- FIP Dutch (quotaholders: funds managed by Advent International), Advent International (seller via funds)
- Industry
- Food & Beverage
- Location
- Brazil
- Transaction Type
- Buyout
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