European cocoa supplier Natra is currently engaged in negotiations with various lenders, such as private credit funds, in relation to potentially financing the acquisition of two companies – German chocolate business Gubor Schokoladen and Italian hazelnut-spread producer Nutkao. Buyout firm CapVest, which owns Natra, is considering requesting debt proposals worth up to €700 million ($754 million) for both acquisitions. This deal may alternatively be financed through the broadly syndicated leveraged loan market. However, it should be noted that the discussions regarding the financing are still ongoing, and there is no guarantee that these transactions will proceed. Neither Natra nor Nutkao have issued any official statements concerning these possible purchases. Chocolate manufacturer Ruebezahl Schokoladen, which Gubor Schokoladen belongs to, did not respond quickly enough to requests for comment. These conversations follow a trend of increasing private equity-related mergers and acquisitions in Europe, driven by a resurgence in credit market activity, with major investment banks arranging significant LBO financings in syndication. CapVest acquired Natra, a Spanish-based chocolate and cocoa producer, from Investindustrial in 2022, as detailed in a previous declaration. Established in 1943, Natra manufactures a range of chocolate items, including bars, pralines, and spreads.
In other current financial news, CapVest purchased Natra from Investindustrial in 2022, according to a prior announcement. Based in Spain, Natra produces various chocolate goods, such as bars, pralines, and spreads. The company was founded in 1943.
In other recent financial developments, a warning signal has been triggered for Italy’s fiscal situation following Premier Giorgia Meloni’s decision to move forward with a debt sale to consumers despite being aware that demand would decrease. In addition, China’s property sector continues to struggle, prompting interest in alternatives like India, Korea, and Vietnam. Moreover, Bloomberg Businessweek reports on topics such as how Uniqlo’s “Millennial Birkin” handbag is outperforming high-end designer bags, Tim Cook’s eventual successor at Apple, and the controversy surrounding tax breaks for data center construction.
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