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Wolf Theiss Advises Advent International on Acquisition of Majority Stake in Reckitt’s Essential Home Portfolio

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Wolf Theiss, working with Kirkland & Ellis, has advised Advent International on its acquisition of a 70% stake in Reckitt’s Essential Home portfolio, valuing the business at up to USD 4.8 billion. Slaughter and May reportedly advised Reckitt.

The transaction remains contingent on regulatory approval.

Advent International is a private equity investor. 

According to Wolf Theiss, the transaction will see Reckitt retain a 30% minority interest and will carve out the portfolio into a standalone global home care platform, including household-name brands such as Air Wick, Calgon, Woolite, Cillit Bang, and SBP.

The Wolf Theiss team included Poland-based Partners Katarzyna Wojcik-Bakowska and Krzysztof Libiszewski and Associate Oliwia Kruczynska and Hungary-based Counsel Barnabas Buzasi and Senior Associate Peter Ihasz.

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