London—Dentons is advising leading global investment firm KKR on its binding offer of €6.825 billion, on a cash-free, debt-free basis, for Unilever's spreads business, including brands such as Flora.

FTSE-100 consumer goods group Unilever announced plans to sell its spreads business in April. It shortlisted buyers in the auction earlier this year before selecting KKR as the preferred bidder in December.

Dentons is advising KKR alongside a team from Simpson Thacher & Bartlett. The Dentons team is being led by Stephen Levy and Joe Altendorff, both partners in Dentons' Corporate team in London, plus a full range of specialist legal departments and international offices at Dentons.

Stephen Levy said, "We are delighted to have advised KKR on its successful bid for these household brands, as well as continuing to provide services to KKR throughout the acquisition process."

KKR is a longstanding client of Dentons. Earlier this year, the Firm advised KKR on its acquisitions of Travelopia and A-Gas.

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