David Arnold~~Andrew Gray~~Meghal Mehta
January 24, 2026
Willkie Advises Natra on Acquisition of Gudrun

1 min
AI-made summary
- Willkie advised Natra, a CapVest Partners portfolio company, on its acquisition of the Gudrun group from Down 2 Earth Capital
- Gudrun specializes in Belgian chocolates and truffles
- Natra produces chocolate products and cocoa-based ingredients, operating in over 90 countries with more than 1,000 employees across six plants in Spain, Belgium, France, and Canada
- Willkie had previously advised CapVest on acquiring Natra in 2022
- The advisory team included David Arnold, Andrew Gray, and Meghal Mehta.
Willkie advised Natra, a portfolio company of CapVest Partners, in connection with its acquisition of the Gudrun group, a leader in the development, production, packaging and commercialization of Belgian chocolates and truffles, from Down 2 Earth Capital.
Natra is a leader in the production of chocolate bars, pralines, tablets and spreads, which it sells in more than 90 countries worldwide. Its ingredients division also supplies a wide range of cocoa-based ingredients to the international food industry. The company has over 1,000 employees across six production plants in Spain, Belgium, France and Canada.
Willkie previously advised CapVest Partners on its acquisition of Natra in 2022.
The Willkie team was led by partners David Arnold, Andrew Gray and associate Meghal Mehta.
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David Arnold~~Andrew Gray~~Meghal Mehta
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