TT&A advised Unilever Group in the demerger of the ice-cream business from Hindustan Unilever Limited to Kwality Wall’s (India) Limited (“KWIL”) and subsequent sale of Unilever Group’s stake in KWIL to the Magnum Ice Cream Company HoldCo 1 Netherlands B.V. (“Magnum BV”).   

Post the demerger, KWIL will manage a portfolio of marquee ice cream and frozen dessert brands such as Magnum, Cornetto and Feast in India. The demerger was designed to sharpen the focus on HUL’s core Fast-Moving Consumer Goods (FMCG) categories (home care, beauty, personal care, and foods). 

TT&A Deal Team:  Kunal Thakore – Joint Managing Partner; Neville Golwalla & Gayatri Chadha – Partners; and Pranav Kandada – Associate 

TT&A Competition Team: Sonam Mathur – Partner; Shubhang Joshi – Managing Associate and Saikishan Rathore & Indrayani Bhadra – Associates