Unilever’s Acquisition of Talenti Gelato & Sorbetto

On December 2, 2014, Unilever announced that it has acquired Minneapolis‑based Talenti® Gelato & Sorbetto. Cravath represented Unilever in this transaction. With its 30 gelato and sorbetto flavors, the Talenti acquisition brings a complementary packaged gelato portfolio to Unilever’s ice cream category, alongside the company’s existing iconic brands such as Ben & Jerry’s, Breyers, Fruttare, Good Humor, Klondike, Magnum and Popsicle. Terms of the transaction were not disclosed.

The Cravath team was led by partner Mark I. Greene and included associates Aaron M. Gruber and Daniel R. Satin on M&A matters; partner Eric W. Hilfers, practice area attorney M. C. Tania Balthazaar and associate Amy C. Benford on executive compensation and benefits matters; partner Michael L. Schler and associate Stephen R. Severo on tax matters; partner Christine A. Varney and associates Katherine A. Rocco and Caitlin N. Fitzpatrick on antitrust matters; partner David J. Kappos and associate Nicholas A. Jackson on intellectual property matters; partner Matthew Morreale on environmental matters; partner Stephen M. Kessing on banking matters; and senior attorney John Gerhard on real estate matters. David J. Benhamou also worked on M&A matters.