Clifford Chance has advised Idilia Foods on the acquisition of a 50% stake in Cacaolat from Damm.

Cacaolat will now add to its already leading brands (Cacaolat, Letona, and Laccao) the management, marketing and distribution of the shake brands ColaCao Energy, ColaCao Shake and Okey. This will allow Idilia Foods to continue developing its milkshake business and bolster the presence of these brands in the national and international market. The goal is to further accelerate growth in the milkshake market at national and international level.

The deal is pending approval by the National Markets and Competition Commission (CNMC).

The Clifford Chance team was led by Corporate/M&A partner Guillermo Guardia, with the support of associate Laura Geli.