Ben & Jerry's explores separation deal with KKR executive
Ben & Jerry's founders are exploring options to separate the ice cream brand from its current owner, Magnum. The talks involve a possible carve-out structure that could give employees an ownership stake while also offering tax benefits.
Highlights
- KKR executive Pete Stavros is in talks with Ben & Jerry's co-founders to carve out the brand from Magnum via an employee stock-ownership plan.
- The proposed deal structure would grant rank-and-file Ben & Jerry's employees stock ownership and generate tax benefits for the company.
- Magnum, KKR, and Ben & Jerry's have not commented on the talks, which could shift ownership of the iconic ice cream brand.
Proposed carve-out structure takes shape
As reported by Reuters, citing The Wall Street Journal, KKR global co-head of private equity Pete Stavros has been discussing a deal with Ben & Jerry's co-founders to carve out the business from Magnum.The report says the transaction is being explored under an employee stock-ownership plan, a structure that would give rank-and-file employees stock in the company. Stavros and Ben & Jerry's co-founder Ben Cohen were cited in the report.
The ice cream brand is currently owned by Magnum, the Unilever spin-off. The proposed structure would also provide the company with tax benefits, according to the report.
Responses pending from companies involved
Magnum, KKR and Ben & Jerry's do not immediately respond to Reuters requests for comment.The discussions point to a potential ownership change for one of the best-known brands in the ice cream sector, with employee ownership emerging as a central feature of the plan if a deal moves forward.
Private capital managers are increasingly pursuing larger platforms as fundraising pressure and slower exits push firms to broaden their strategies, our earlier coverage noted. We highlighted EQT’s agreement to buy U.S. real estate firm Stockbridge for $375 million to expand its real estate arm soon after its Coller Capital acquisition, reflecting accelerating consolidation across the sector.
Latest KKR & Co. News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
