International law firm Freshfields Bruckhaus Deringer has advised consumer goods manufacturer Sara Lee Corp. on the €1.275bn binding offer for its global body care and European detergents businesses, received from Unilever.
Where permissible, Sara Lee has agreed to accept the binding offer upon satisfaction of certain conditions. The global body care and European detergents businesses encompass a wide variety of brands including Sanex, Radox and Duschdas.
The proposed transaction is subject to customary closing conditions and regulatory clearances and is expected to close in 2010.
Sara Lee relationship partner, Jeffery Roberts, comments: ‘We are very pleased to have advised Sara Lee on this significant international transaction, which involved a strong cross-jurisdictional team from Freshfields.’
The members of Freshfields’ core team included corporate partner Shawn der Kinderen, corporate associate Gerben Den Hertog, tax partner Hans Galavazi and employment, pensions and benefits (EPB) partner Brechje Nollen in Amsterdam, and antitrust, competition and trade partner Alex Potter, EPB partner Dan Schaffer, IP/IT partner Avril Martindale, real estate partners Ursula Harriss and Emma Kendall and environmental counsel Daniel Lawrence in London.