Nestlé to divest Holistic Health portfolio to Yellow Wood Partners for US$1B

On September 1, 2026, Nestlé announced that it had agreed to divest its mainstream Vitamins, Minerals and Supplements (VMS) business to Yellow Wood Partners for US$1 billion. The transaction is subject to applicable regulatory approvals and is expected to close in the first half of 2027.

Nestlé is a multinational food and beverage manufacturer headquartered in Vevey, Switzerland.

McCarthy Tétrault LLP is acting as Canadian counsel to Nestlé with a team led by Lara Nathans that includes Gurvir Sangha, Rachel Cristofoli (Business), Genevieve Lille, Marie-Soleil Landry, Kassandra Grenier, Joannie Marcoux (Tax), Martha Harrison; Evie Bouras, Gajan Sathananthan, Vino Wijeyasuriyar, Elizabeth Yu (Compliance and Regulatory); Benjamin Aberant, Aliya Hemani (Labour and Employment), Jade Buchanan, Jamie Parker (Technology/Privacy), Casey Halladay (Competition/Antitrust & Foreign Investment), Sarit Pandya (Real Property), Vincent Yip (Intellectual Property), Kelleher Lynch, Julia Miller (Pensions, Benefits & Executive Compensation), Nora Delahaye (Articling Student), Omar Berih, Alessandro Pierni, and Peter Crawford (Summer Students).