PE Venture Leads $217M Swedish Candy Merger

Law360, New York (December 16, 2011, 3:12 PM EST) -- European private equity firms Nordic Capital and CVC Capital Partners have entered a 1.5 billion Swedish kronor ($217 million) agreement to merge their Leaf Holland BV candy company with Swedish confectioner Cloetta AB, the companies said Friday.

The merger will be financed through a 1 billion kronor rights issue underwritten by Cloetta's largest shareholder AB Malfors Promotor and the private equity joint venture. Additionally, the teams has secured a 4.2 billion kronor credit facility from Svenska Handelsbanken AB

The new Cloetta will take on 2.9 billion...
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