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Bakers has sale down to a tea

Bakers has sale down to a tea

Bakers has advised national tea retailer T2 on its sale to Unilever.

Firms: Baker & McKenzie (T2 vendors); Johnson Winter & Slattery (Unilever); Harris Carlson (T2 vendors); Deloitte (financial advisors to T2 vendors); KPMG (financial advisors to Unilever)

Deal: The sale of tea retailer T2 to Unilever

Area: Corporate/M&A

Value: Undisclosed

Key players: The Baker & McKenzie team was led by corporate partners Richard Lustig (pictured) and Simon De Young, with assistance from senior associate Rick Troiano

Deal significance: T2 operates some 40 retail stores in Australia, and offers the country’s largest range of premium, fragrant tea and tea wares from all around the globe. Bakers’ lead partner Richard Lustig said: “We are very pleased to have assisted the T2 vendors in this important transaction.”

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