Nordic Capital, CVC Combine Candy Companies

Private equity firms Nordic Capital and CVC are forming a new Swedish chocolate and candy company by merging their LEAF company with well-known name Cloetta, Reuters wrote Friday. The deal values LEAF at 6.8 billion Swedish crowns ($974.8 million) on a cash and debt-free basis. After the deal, current top Cloetta shareholder Malfors Promotor will hold 22% of the share capital and 39.9% of the votes in the new company, Reuters reported. CVC will hold 33% of the share capital and 25.4% of the votes, while Nordic Capital will hold 24.6% of the shares and 18.9% of the votes.

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