Magnum Ice Cream

Acquirer: Terry Smith

Terry Smith, founder of Fundsmith, has sold his entire stake in Magnum Ice Cream, a Unilever spin-off, just weeks after exiting his stake in its former parent company. Summary of transaction details: Value: Not disclosed Sector: Consumer Goods Advisor: Not disclosed Key Entities: Terry Smith, Magnum Ice Cream, Unilever Location: Not disclosed Note: The sale comes after Unilever spun off its ice cream business, which has had a mixed start to life as a standalone company. Magnum Ice Cream has attracted interest from buyout giants Blackstone and CD&R, which has helped to prop up its shares.