Carlyle's Irca bolts on Dobla

According to a statement, the combination of Irca and Dobla will create a group with 800 employees and a combined turnover of €330m.

Carlyle acquired an 80% stake in Irca in June 2017 from French GP Ardian and the company's founders, the Nobili family. To finance the acquisition, the GP drew equity from its CEP IV fund, closed on €3.75bn in 2015.

The deal was valued at €520m and was supported by a €270m all-senior debt package underwritten by BNP Paribas, Banca Ifis, Crédit Agricole, Mizuho, Natixis, Rabobank, SocGen and Unicredit. 

Company
Founded in 1950 and headquartered in Heerhugowaard, Netherlands, Dobla is a manufacturer of chocolate decorations. The company operates three production sites located in Belgium, the US and Vietnam, sells its products in 80 countries worldwide, and employs 400 staff. It generated a turnover of €51m in 2017.

People
Irca – Paolo Perego (CEO).

Advisers
Acquirer – BNP Paribas (corporate finance); Latham & Watkins (legal).
Vendor – ING (corporate finance); Houthoff (legal).

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