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.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
