Kirkland Advises L Catterton on $3.8 Billion Sale of Thorne to Procter & Gamble

Kirkland & Ellis advised L Catterton, the largest global consumer-focused investment firm, on a definitive agreement to sell Thorne, a leader in science-backed health and wellness solutions, to The Procter & Gamble Company (NYSE: PG) for $3.8 billion in cash. This follows a successful partnership that accelerated the Company’s growth and further strengthened its leadership in the wellness category. L Catterton acquired Thorne in October 2023. The transaction is expected to close in the fourth quarter of 2026.

Read the transaction press release

The Kirkland team included corporate lawyers Josh Kogan, Patrick Salvo and Jimin He; tax lawyer Vin Thorn; executive compensation lawyer Matt Wood; debt finance lawyers Ashley Martin and Kathryn Leonard; and antitrust & competition lawyers Andrea Agathoklis Murino and Trish Drees.