Kinstellar has advised Nestle on its sale of the Boci Hungarian chocolate brand to Hungary's Cerbona. Oppenheim reportedly advised Cerbona.
The transaction is expected to close in May 2024.
In Hungary, Boci is an iconic chocolate brand with a heritage spanning nearly a century, Kinstellar reported.
Established in 1987, with the brand name launched in 1988, Cerbona is a Budapest-based food and cereal-based snack manufacturing company.
The Kinstellar team was led by Partner Gabor Gelencser and included Partner Peter Voros, Managing Associate Daniel Nagy, and Associates Gergely Simon Liptak and Orsolya Staniszewski.
Editor's Note: After this article was published, Oppenheim confirmed it had advised Cerbona on the acquisition of the Boci, Melba Kocka, and Parizsi Kocka chocolate brands from Nestle. The firm's team included Partners Jozsef Bulcsu Fenyvesi and Istvan Szatmary, Senior Counsel Agnes Szaz, Counsel Barna Fazekas, and Senior Associate Andras Cserny.