Yellow Wood Partners, LLC entered into a letter of intent to acquire Elida Beauty Limited from Unilever PLC (LSE:ULVR) on December 18, 2023. The transaction is expected to be completed by mid-2024 upon completion of customary closing and regulatory approvals. Morgan Stanley & Co. International plc acted as financial advisor to Unilever PLC. Melissa Fogarty, Alanna Hunter, Alistair Woodland, François Farmine, André Duminy, Stephen Reese, Edward Page, Michael Rueter, Thomas Critchley and Benjamin Sibbett of Clifford Chance LLP acted as legal advisor to Unilever PLC. Ryan McCarthy, Farah O?Brien, Susan Parker, Alex Harris, Gail Crawford, Shaun Thompson, Matthias Rubner, Romain Nairi, Helen Lethaby and Andrea Ramezan-Jackson of Latham & Watkins LLP acted as legal advisor to Yellow Wood Partners, LLC.

Yellow Wood Partners, LLC completed the acquisition of Elida Beauty Limited from Unilever PLC (LSE:ULVR) on June 6, 2024. Alfie Vivian, a seasoned C-level consumer packaged goods executive, has been appointed as Chief Executive Officer of Elida to work with the Yellow Wood team to develop the next chapter of the company's growth. Mr. Vivian most recently served as Senior Vice President, Group General Manager of Tyson Foods.