Ropes & Gray Represents Advent International in Sale of Premium Chocolate Company to Nestlé

In The News
September 7, 2023

Ropes & Gray advised Advent International in the sale of a majority stake in Grupo CRM, a premium chocolate player in Brazil, to Nestlé. Grupo CRM operates a successful direct-to-consumer model, with more than 1,000 chocolate boutiques and a strong, growing online presence. The announcement was made in a September 7 press release. Financial terms were not disclosed.

Advent International is a global private equity firm and has invested in over 410 private equity investments across 42 countries, and has $95 billion in assets under management.

The Ropes & Gray team was led by private equity partners Christian Westra and Matthew Richards, private equity associate Brandon Winer, tax partner David Saltzman, and counsel Tom Spera, and litigation & enforcement partners Dan Ward and Peter Welsh.