Mayer Brown represented Nestlé in connection with the agreement to sell its US ice cream business to Froneri, an ice cream-focused joint venture Nestlé created in 2016 with PAI Partners, for a transaction value of $4 billion. The transaction is expected to close in the first quarter of 2020, following the completion of customary regulatory approvals.

The Mayer Brown team included: Corporate & Securities – partners David Carpenter, John Boelter (both NY) and Michelle Gross (Northern California) and associates Karen Chong, Michael Russo, Manny Stoichev (all NY) and Omar El-Khattabi (DC); IP – partner Rich Assmus and associates Jonathan Brown (both Chicago) and Tiffany Brown (DC); Tax Transactions & Consulting – partner Remmelt Reigersman (Northern California) and associate Brennan Young (NY); Litigation & Dispute Resolution – counsel Meytal McCoy (DC) and Jaimy Hamburg and associate Jill Fortney (both Chicago); and Real Estate – partner David Saye and staff attorney Ryan Lifland (both Charlotte).