Leaf International Acquired by CVC
Leaf International Acquired by CVC
Transaction
Overview
Sugar Confectionery Spayne Lindsay & Co. advised CVC Capital Partners on the acquisition of CSM Confectionery.
CVC Capital Partners (“CVC”) has acquired the Sugar Confectionery division of CSM NV for €850m. The Sugar Confectionery division of CSM, which shall trade as Leaf, is active across Europe and in Asia, and owns strong brands including Lakerol, Dietorelle, Malaco, RedBand, Sportlife, Jenkki and Lutti. The business achieved sales of €745m in 2004. Following the announcement, CVC formed a partnership with Nordic Capital in the acquisition. CSM Confectionery was one of the largest buyouts in the European Consumer sector in 2005.