Hindustan Unilever Limited has agreed to acquire approximately 90% of skincare startup, Minimalist subject to regulatory approvals, including clearance from the Competition Commission of India (CCI).
The existing investors including Unilever Ventures will get a complete exit under this acquisition.
IndusLaw advised Unilever Ventures on the transaction having a deal value of $350 million (approx.).
Rashi Saraf (Partner) and Rohit Jain (Principal Associate) represented IndusLaw in HUL‘s acquisition of Minimalist.
The order firms involved were Trilegal, Cyril Amarchand Mangaldas, and Khaitan & Co. representing Minimalist, Hindustan Unilever Limited, and Peak XV.
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