GROUPE CPK (CARAMBAR POULAIN KREMA) acquired by FERRARA CANDY COMPANY
Context
Ferrero, through its subsidiary Ferrara Candy, entered into exclusive negotiations to acquire 100% of CPK from Eurazeo. For Eurazeo, this marks the end of an 8-year investment cycle where it successfully regrouped heritage brands into a standalone French champion. For Ferrero, this acquisition bolsters its presence in the European sugar confectionery market and provides a strong industrial base in France. The transaction is expected to close in Q4 2025.
It is worth noting that the fund Eurazeo took control of Groupe Cpk through an LBO in 2017.
GROUPE CPK (CARAMBAR POULAIN KREMA), which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (11.0x).
-> Deep-dive in AgriFood market trends
Target
CPK is a French confectionery leader created in 2017 following the carve-out of 14 iconic brands from Mondelez. The portfolio includes household names such as Carambar, Poulain, Krema, Lutti (acquired in 2018), Michoko, Malabar, and Terry's. The group operates three production sites and one workshop in France, employing over 900 people.
Ent. Value
Equity Value
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EV / Revenue
EV / EBITDA
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Historical Financials (EUR)
Other operations with GROUPE CPK (CARAMBAR POULAIN KREMA)
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2017 | EURAZEO | GROUPE CPK (CARAMBAR POULAIN KREMA) | FRANCE | Food Products |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 250M - 500M EUR
EBITDA range: 25M - 50M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.