Newell Brands completes divestitures of The Waddington Group and Rawlings Sporting Goods Company, Inc. for gross proceeds of US$2.7 billion

On June 29, 2018, Newell Brands Inc. (NYSE: NWL) announced that it had completed the divestitures of The Waddington Group to Novolex Holdings, LLC and of Rawlings Sporting Goods Company, Inc. to a fund managed by Seidler Equity Partners ("SEP"). Major League Baseball co-invested with SEP. Gross proceeds from both transactions were approximately $2.7 billion.

Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands.

Gowling WLG was Canadian counsel to Newell Brands in these transactions with a team that included Paul Harricks, Faran Umar-Khitab and Melanie Condic (corporate) and Melanie Polowin (employment).