Investindustrial has offered €142.4 million to acquire Spanish chocolatier Natra.
The investment firm has offered €0.90 in cash for each Natra share and €900 euros for each convertible bond. The investment firm mainly invests in medium-sized companies active in sectors such as industrial manufacturing, consumer, leisure and business services.
Madrid-headquartered Natra has six specialised production centres in Spain, Belgium, France and Canada, as well as a permanent commercial presence in Europe, the US and Asia.
Global investment bank Houlihan Lokey acted as a financial advisor to Natra in the takeover bid.
In the nine months to the end of September 2018, Natra posted net earnings of €12.3 million and revenues of €270 million, as it benefitted from higher sales volumes in its consumer division.