Talwar Thakore & Associates (TT&A) advised Unilever on a major corporate restructuring that involved demerging the ice-cream business from Hindustan Unilever Limited (HUL) and completing the sale of Unilever Group’s stake in Kwality Wall’s (India) Limited to Magnum BV.
Talwar Thakore & Associates (TT&A) has advised Unilever on a major corporate restructuring involving the demerger of the ice-cream business from Hindustan Unilever Limited (HUL) and the subsequent sale of Unilever Group’s stake in Kwality Wall’s (India) Limited (KWIL) to Magnum Ice Cream Company HoldCo 1 Netherlands B.V. (Magnum BV).
According to the transaction details, HUL’s ice-cream division has now been moved into KWIL, which will fully operate and expand a portfolio of well-known ice-cream and frozen dessert brands in India. After the demerger, KWIL will manage marquee brands such as Magnum, Cornetto and Feast.
The restructuring was planned to sharpen HUL’s focus on its core Fast-Moving Consumer Goods (FMCG) categories, including home care, beauty, personal care and foods. Industry experts note that global FMCG companies are increasingly separating non-core verticals to improve efficiency and strengthen long-term strategy.
The sale of Unilever’s stake in KWIL to Magnum BV marks the next step in this global reorganisation strategy within the Unilever Group.
TT&A Teams Involved
The deal saw a multi-practice team from Talwar Thakore & Associates advising Unilever:
- TT&A Deal Team: Kunal Thakore (Joint Managing Partner); Neville Golwalla & Gayatri Chadha (Partners); and Pranav Mihir Kandada (Associate)
- TT&A Competition Team: Sonam Mathur (Partner); Shubhang Joshi (Managing Associate); and Saikishan Rathore & Indrayani Bhadra (Associates)