July 10, 2014 Unilever today announced that it has sold its Slim-Fast brand to Kainos Capital. Unilever will retain a minority stake in the business. Cravath, Swaine & Moore LLP 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 advising Unilever included partners Mark I. Greene and Andrew R. Thompson and associates Jordan S. Traister, Aaron D. Suh and Gregory D. Beaton (M&A); partner Michael L. Schler and associates Edward A. McGehee and Stephen R. Severo (tax); and partner Christine A. Varney and associates Katherine A. Rocco and Caitlin N. Fitzpatrick (antitrust). Summer associates Maurio Fiore and Christopher Washington also worked on M&A matters and summer associate Lingfeng Li also worked on tax matters.
The Vinson & Elkins team advising Kainos Capital included partner Christina Ann Tate and associates Andy Lutes and Robert P. Derivaux (M&A); partner Peter E. Mims and counsel W. Scott Brown (intellectual property); and partner James S. Meyer (tax).