Date Closed

November 23, 2021

Lead Office

Montréal

On November 23, 2021, Cerea Partners SAS (“Cerea”) completed the acquisition of Chocmod Group (“Chocmod”), the world leader in chocolate truffle.

Cerea is an independent asset management company with over €1.1 billion under management, mainly raised from institutional investors. With its diversified range of equity, mezzanine and senior debt financing, Cerea is a leading investor in small and medium-sized companies in the agri-food sector, assisting them in their capital transfer, CSR transition and growth acceleration projects.

The Chocmod Group employs 120 people on its 2 sites. It has a turnover of over €30 million. In addition to chocolate truffles, Chocmod offers a whole range of chocolate bites including coated marshmallows, chocolate tuiles and nougats. The customers are mainly large-scale retailers, but also co-manufacturers, wholesalers-importers and online sales sites.

McCarthy Tétrault advised Cerea as Canadian counsel with a team led by Louis-Nicolas Boulanger that included Charles-Étienne Pressé (Business), Danielle Drolet (Real Property), Émilie Thibault (Labour & Employment), Dominic Amyot Bilodeau and Amélia Fong (Regulatory & Environment), François Dupuis (Financing), and Véronique Wattiez-Larose (Intellectual Property and Information Technology).