Clifford Chance advises Unilever on binding offer for sale of Elida Beauty to Yellow Wood Partners

Global law firm Clifford Chance advised Unilever PLC on the binding offer for the sale of its Elida Beauty Business to Yellow Wood Partners LLC. Elida Beauty comprises more than 20 beauty and personal care brands including Q-Tips, Caress, Timotei and TIGI. The binding offer is subject to the usual closing conditions, regulatory requirements and consultation processes. Completion is expected by mid-2024.

The team was led by partners Melissa Fogarty and Alanna Hunter who were assisted by senior associates Chelsea Bruk-Jackson and Dan Bomsztyk; associates Mitchell Paul, Daniel Redmond, Cathal Lynam and Alex Szlezinger; and trainees Zain Arif and Verinda Sohal.

Additional specialist support was provided by partners Alistair Woodland and François Farmine (Paris) on Employment, partner André Duminy and senior associate Midori Takenaka on Commercial Arrangements and Business Separation, partner Stephen Reese on IP, partner Nicola Hemsley on Tax, senior associate Juliette Graham on Incentives, counsel Michael Rueter on Antitrust, and partners Thomas Critchley (New York) on Debt Finance and Benjamin Sibbett (New York) on US Corporate.