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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.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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