Unilever’s Sale of Slim‑Fast Brands to Kainos Capital

On July 10, 2014, Unilever announced that it has sold its Slim‑Fast brand to Kainos Capital. Unilever will retain a minority stake in the business. Cravath represented Unilever in connection with this transaction, which includes the Slim‑Fast trademark and the global Slim‑Fast business portfolio. Slim‑Fast is sold throughout North America and in the United Kingdom and Ireland. Terms of the transaction, which was also completed today, were not disclosed.

The Cravath team included partners Mark I. Greene and Andrew R. Thompson and associates Jordan S. Traister, Aaron D. Suh and Gregory D. Beaton on M&A matters; partner Michael L. Schler and associates Edward A. McGehee and Stephen R. Severo on tax matters; and partner Christine A. Varney and associates Katherine A. Rocco and Caitlin N. Fitzpatrick on antitrust matters. Summer associates Maurio Fiore and Christopher Washington also worked on M&A matters and summer associate Lingfeng Li also worked on tax matters.