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TRANSACTIONS

Selected Transaction Advisory Track Record

Dr. Oetker acquired Mavalério.

August 2019

CRG acted as exclusive financial advisor to Mavalério

About the Company

  • Mavalério is the largest player in decorative confectionery in Latin America.
  • A family-owned company with 50 years in the market, more than 7,000 customers, and 31,000 tons of products sold per year, primarily confectionery decorations and coatings.
  • It has three production facilities, located in Itatiba, São Paulo; Recife, Pernambuco; and Virginia, USA.

About the Buyer

  • Dr. Oetker was founded 125 years ago and is part of the Oetker Group, with several production facilities and companies across 39 countries.
  • In 2017, Dr. Oetker generated sales of EUR 2.4 billion and had more than 11,000 employees.
  • Its product portfolio includes more than 4,000 items, such as baking products, desserts, pizzas, frozen meals, among others.

Transaction Rationale

  • Dr. Oetker’s first acquisition in Brazil.

Transaction Highlights

  • Mavalério was the largest company in the segment still under Brazilian ownership.
  • The process provided access to players across several countries worldwide, highlighting CRG’s strong global network in the food segment.
  • Consolidates CRG’s expertise in the food segment, with CRG’s partners having advised all coatings companies sold in Brazil to date.
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