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 theMergers & 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).
