MBK takes bite of Godiva’s Asia-Pacific business

The north Asia private equity firm has spread its reach southwards to purchase Asia-Pacific assets from Godiva Chocolatier’s owner Yildiz Holding.
Yildiz Holdings bought Godiva from Campbell Soups in 2007
Yildiz Holdings bought Godiva from Campbell Soups in 2007

Private equity firm MBK Partners has won an ultra-competitive bidding process for the Japan, South Korea, Australia and future New Zealand operations of Belgium-based premium chocolatier Godiva.

According to sources close to the deal, MBK fought off a mixture of global and Asian-based private equity firms to close the transaction at the last minute.

Whilst terms have not been formally disclosed, recent estimates put the size of the deal in the $1 billion to $1.5 billion bracket.

“We have long treasured the Godiva brand and believe it represents significant upside for any investor,” said Nurtac Afridi, head of strategy and MA for Yildiz...

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