Eurazeo Enters Exclusive Talks to Sell Stake in CPK Group
Deal News | Jul 11, 2025 | Eurazeo
Eurazeo, a European private equity firm, is in exclusive discussions to sell its stake in the CPK Group to a European holding company of Ferrara Candy Company. Founded in 2017, CPK operates in the confectionery and chocolate market with a portfolio of iconic brands such as Carambar and Terry's. The transaction is expected to close in the fourth quarter of 2025, subject to trade union consultations and competition authority approval. Eurazeo anticipates gaining approximately €240 million from this sale, marking it as the fifth consecutive exit to a trade buyer under its Capital strategy. This move underscores Eurazeo's commitment to building European champions while creating value for clients and shareholders.
Sectors
- Private Equity
- Confectionery and Chocolate Manufacturing
- Corporate Finance
- Competition Law
Geography
- France – CPK has production sites and a workshop in France, making it a significant geographical location for its operations.
- Europe – Eurazeo is a European private equity firm involved in this transaction, and the sale is to a European holding company of Ferrara.
- United States – Ferrara Candy Company, involved in the transaction, is a top-selling sugar candy company in the U.S.
Industry
- Private Equity – Eurazeo, a private equity firm, is engaged in the transaction of selling its stake in the CPK Group, highlighting private equity operations and strategy.
- Confectionery and Chocolate Manufacturing – CPK operates within the confectionery and chocolate market, manufacturing a variety of sweets and chocolates under well-known brands.
- Corporate Finance – The transaction involves financial considerations and implications typical of corporate finance activities, including the divestment and acquisition strategy.
- Competition Law – The transaction is subject to approval from competition authorities, which addresses regulatory aspects within the sector of competition law.
Financials
- €240 million – The expected proceeds from the sale of CPK to Eurazeo's balance sheet.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eurazeo | Selling Company | PE Firm | A European private equity firm selling its stake in CPK Group. |
| CPK Group | Target Company | Company | A European confectionery and chocolate company being sold. |
| Ferrara Candy Company | Bidding Company | Company | An American confectionery company looking to acquire CPK through its European holding. |
| Mondelez | Other Company | Company | Part of CPK's history, as some of its brands were acquired from Mondelez. |
| Lamy Lutti | Other Company | Company | Part of CPK's formation history through a combination in 2018. |