Mayer Brown represented Nestlé S.A. in its sale of Gerber Life Insurance Company to Western & Southern Financial Group for $1.55 billion cash. The transaction does not include Nestlé’s Gerber Products business, a household brand in baby food and baby care, which Nestlé will continue to develop.

The agreement follows Nestlé’s announcement in February 2018 that it was exploring strategic options for the Gerber Life business. The transaction is expected to close in either the fourth quarter of 2018 or first quarter of 2019, following the completion of customary regulatory approvals and closing conditions.

The Mayer Brown team was led by New York-based partner David Carpenter and included lawyers from the firm’s Corporate & Securities, Intellectual Property, Tax, Employment & Benefits, Employment & ERISA Litigation, Litigation & Dispute Resolution and Real Estate practices in New York, Washington DC and Chicago.