Proskauer Advises Church & Dwight on Agreement to Acquire Avid Health for $650 Million
August 24, 2012 (New York) – Global law firm Proskauer advised Church & Dwight Co., Inc. on its agreement to acquire Avid Health, Inc., the leader in gummy form vitamins and supplements, for $650 million in cash.
The transaction is one of the largest ever by Church & Dwight, a $2.6 billion New York Stock Exchange-listed company that is a leader in the household consumer products and personal care industry under the Arm & Hammer brand name and other well-known trademarks. The deal is expected to close early in the fourth quarter of 2012.
Leading the Proskauer team was Partner Ronald R. Papa, co-Chair of the firm's Corporate Department and co-head of the Mergers & Acquisitions Group, along with Partners Daryn A. Grossman (Intellectual Property), Amanda H. Nussbaum (Tax), Andrea S. Rattner (Employee Benefits), Eric Remensperger (Real Estate), Lawrence R. Sandak (Employment Litigation & Arbitration) and Baldassare Vinti (Patent Law); Senior Counsel Gail S. Port (Environmental); and Associates Richard M. Corn (Tax), Ali D. Fawaz (Employee Benefits), Derek J. Heuzey (Intellectual Property), Julie J. Kim (Corporate), Simon J. Sharpe (Corporate) and Yelena Simonyuk (Environmental).
Proskauer’s Corporate Department comprises of more than 250 lawyers worldwide who counsel clients in a full range of sophisticated financial transactions in such areas as mergers and acquisitions, capital markets, private equity, finance and bankruptcy and restructuring. The firm’s Mergers & Acquisitions Group is consistently recognized by leading ranking publications for its work around the world, with Chambers USA and US Legal 500 ranking the practice in their top tier and quoting Proskauer clients about the firm’s integral role in getting their deals done. Dow Jones Private Equity Analyst named Proskauer to its list of “Most Active Law Firms” (by number of buyouts), and the firm regularly appears in Thomson Reuters, Bloomberg and MergerMarket league tables in the U.S. and globally for involvement in completed deals.