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  • Client:
  • Transaction:
  • Date:
    October 2021
  • Sector:
    Consumer and Retail


  • Deal description:

    Nutkao, a portfolio company of White Bridge Investments, leader in the production of hazelnut and chocolate spreadable creams marketed through the retail, gourmet and industrial channels, has acquired 100% of the capital of Boerinneke, a Belgium company leader in the production of chocolate and hazelnut spreadable creams under the brand Boerinekke and for private labels.

    Founded in 1955 in Sint-Amands (Belgium), the company is active in the production of sweet spreads such as chocolate spreads, hazelnut-based spreads and cookie butter (speculoos). Boerinneke has a fragmented portfolio producing more than 150 recipes. In particular, the company is focused on organic, low sugar and protein-added spreads. The company is the #1 brand in Belgium after Nutella  and produces also for private labels.
    In 2020 the Company generated a turnover of €12m.

    Vitale acted as financial advisor to Nutkao.

  • Deal value:


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