M&A Deal Summary

Safra Group and Cutrale Group Acquire Chiquita

On October 27, 2014, Safra Group and Cutrale Group acquired food company Chiquita for 1.3B USD

Acquisition Highlights
  • This is Safra Group’s 1st and Cutrale Group’s 1st transaction in the Food sector.
  • This is Safra Group’s and Cutrale Group’s largest (disclosed) transaction.
  • This is Safra Group’s 1st and Cutrale Group’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2014-10-27
Target Chiquita
Sector Food
Buyer(s) Safra Group
Cutrale Group
Deal Type Merger
Deal Value 1.3B USD

Target

Chiquita

Etoy, Switzerland
Chiquita distribution hub in Ft. Lauderdale, Florida.
Chiquita distribution hub in Ft. Lauderdale, Florida.
Chiquita is an international marketer and distributor of high-quality fresh and value-added food products from energy-rich bananas and other fruits to nutritious blends of convenient green salads. Chiquita was originally established in 1899 and is headquartered in Etoy, Switzerland.

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Buyer(S) 2

Buyer

Safra Group

Sao Paulo, Brazil
Category Company
Sector Diversified
DESCRIPTION

The Safra Group refers to an international network of companies, businesses and operations controlled by Joseph Safra. The entities comprising the Safra Group conglomerate operate banks and invest in other businesses across North and South America, Europe, the Middle East and Asia.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Merger) 1 of 1
Country (Switzerland) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Buyer

Cutrale Group

Araraquara, Brazil
Category Company
Sector Agriculture
DESCRIPTION

The Cutrale Group refers to the global agribusiness operations owned by the Cutrale family. Entities within the Cutrale Group collectively make up one of the world's most highly regarded agribusiness and juice companies in the world and one of the world's leading orange juice processors for frozen concentrated orange juice and not-from-concentrate fresh juices.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Merger) 1 of 1
Country (Switzerland) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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