Bredabest
Squarefield acted as exclusive financial advisor to Bredabest on the sale to Natra, a portfolio company of CapVest
On September 3, 2025, the shareholders of Bredabest (the “Company”), a leading Dutch producer of peanut butter and peanut-based ingredients, entered into an agreement to sell the Company to Natra, a portfolio company of CapVest.
Founded in 1996, Bredabest is a leading producer of peanut butter and value-added peanut ingredients, with a strong commercial presence across Europe. The Company’s natural spreads and high-quality ingredients, used in a range of consumer products such as biscuits, chocolate bars, and snacks, are supplied to a wide range of retailers, FMCGs and fast-growing consumer brands. Bredabest is also a leading European player in the pure and organic peanut butter segments, as well as a significant importer of peanuts into Europe. Since its establishment, Bredabest has earned a strong reputation for its customer-centric, tailored and highly agile full-service offering, building long-standing partnerships with leading global food producers across more than 30 countries.
Natra is a global leader in the production of chocolate bars, pralines, tablets, chocolate hazelnut spreads and cocoa-based ingredients. The transaction will expand Natra’s portfolio by adding peanut-based spreads and ingredients, creating a broader product offering and diversifying its customer base.
Completion of the transaction is subject to conditions and German regulatory approval.
The sale of Bredabest was executed by Squarefield, a leading Food & Agri focused corporate finance advisor with offices in Amsterdam, Frankfurt and Antwerp.
Bredabest
Bredabest is a leading processor of roasted peanuts, supplying high-quality (semi)-finished products and peanut-based solutions. The Company serves European B2B customers with ingredients for consumer products such as bars and snacks, as well as B2C retail partners with its 100% natural peanut butter. A key strength of Bredabest is its strong customer-centric focus and comprehensive full-service offering, which has resulted in long-standing partnerships with globally renowned food producers and category leadership at blue-chip retailers. Bredabest operates two processing facilities in the Netherlands, located in Raamsdonksveer (headquarters) and Giessen.
Pieter Stienen – Founder and Chief Executive Officer of Bredabest“We are pleased to join forces with Natra, a strong long-term partner to take Bredabest into its next phase of growth. Natra’s global scale and complementary portfolio will unlock new opportunities while safeguarding the values and customer focus that have underpinned Bredabest’s success. My business partner Rainier van Rey and myself will remain part of Bredabest in our current roles, while remaining shareholders. In that respect we are fully committed to make this partnership a success.”
“Squarefield has been a trusted partner to us over the long-term, combining sector-specific knowledge with dedicated transaction support. Beyond their expertise, it was their personal approach and network that truly distinguished the collaboration, as their understanding, accessibility and commitment gave us the confidence to achieve a successful outcome.”
Natra
Natra, headquartered in Madrid, Spain, is a vertically integrated private label and co-manufacturing platform for chocolate products, operating as a portfolio company of CapVest. With a global operational footprint across Europe and North America, Natra specialises in the manufacturing of cocoa-based ingredients and a broad range of chocolate consumer products, including chocolate bars, pralines, tablets and spreads, which it supplies to major retailers and (branded) food companies in more than 90 countries worldwide. Natra’s dedication to innovation and sustainability is reflected in its comprehensive approach to production, ensuring high quality standards.
Armando Santacesaria – Chief Executive Officer Natra“Pieter and Rainier have built a fantastic business that is complementary to our business and aligns perfectly with Natra’s model. This exciting acquisition strengthens our ability to enhance our customer offering and accelerates our journey to becoming the preferred Private Label partner in Snacking & Indulgence. Looking ahead, Natra’s scale, global reach, and strong customer relationships will be transformational for Bredabest. We’re excited to welcome our new colleagues and work together to build on their impressive achievements and drive the growth of our combined business.”
CapVest
CapVest is a leading international private equity firm with a strong track record of transforming the size and scale of its portfolio companies. With a focus on building resilient, market-leading businesses, CapVest partners with management teams to drive growth, international expansion, and operational excellence across a range of sectors including consumer, healthcare and services.