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.
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