December 2025 – Kinstellar, in collaboration with Linklaters, has advised Unilever and The Magnum Ice Cream Company (TMICC) on the local legal and regulatory aspects of the formation of TMICC, its separation and demerger from Unilever, and its subsequent listings on the Amsterdam, London, and New York stock exchanges.
This transaction represents one of the largest and most complex global carve-outs in recent years. It follows Kinstellar’s previous involvement, alongside Linklaters, in Unilever's other major global carve-out, the US$7bn sale of its global spreads business to KKR.
Kinstellar’s team provided comprehensive support throughout the entire project, from initial planning to execution, including the legal and operational separation of the ice cream business in Bulgaria, the Czech Republic, Hungary, Kazakhstan, Romania and Slovakia
The Kinstellar team was led by Partner Gábor Gelencsér (Hungary), in cooperation with Partners: Nina Tsifudina (Bulgaria), Jan Juroška (the Czech Republic), Joel Benjamin (Kazakhstan), Zsuzsa Csiki (Romania), Viliam Myšička (Slovakia), and local teams.