United States : Dollar Shave Club Sells to Unilever.
Cooley is advising Dollar Shave Club (DSC) on its sale to Unilever. The sale, which is expected to close in the third quarter of this year, marks the third largest e-commerce exit in history and is the largest exit by a private venture-backed company in Los Angeles history. Michael Dubin, founder and CEO of DSC, will continue as the company's CEO.
DSC, based in Venice, California, is a membership-based company that delivers shaving and other personal grooming products on a monthly subscription basis to more than three million active subscribers. In just four years, DSC has become the #2 razor brand in the US. Cooley has served as DSC's outside corporate counsel since opening its Los Angeles office in 2012 and has advised the company on a wide range of matters including all of the company's private financings, M&A transactions, trademark matters and general litigation.
"DSC couldn't be happier to have the world's most innovative and progressive consumer-product company in our corner," Dubin said in a press release. "We have long admired Unilever's purpose-driven business leadership and its category expertise is unmatched. We are excited to be part of the family."
The team advising DSC includes Dave Young, Steve Tonsfeldt, Matt Hallinan, Joe Kaczorowski, Paige Smith, Mark Windfeld-Hansen, Jon Rivinus, Barbara Mirza, Jackie Grise, Charles Haley and Scott Dailard.
[c] 2016 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Jul 21, 2016|
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