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Linklaters and Davis Polk are advising Unilever on the restructuring of its business, which will see the Anglo-Dutch consumer goods giant simplify its structure into a single holding company, New Unilever NV, incorporated in the Netherlands.

Linklaters has taken the lead role for Unilever, while a London team from US firm Davis Polk is advising sponsoring bank UBS in connection to the overhaul, including City corporate partner Will Pearce and tax partner Jonathan Cooklin.

Unilever, which produces household name brands such as Dove soap and Hellman’s mayonnaise, announced earlier this year that it planned to simplify into a single legal entity incorporated in the Netherlands.

The company began to review its structure last year, shortly after it declined a high-profile $143bn (£109bn) takeover bid from US food giant Kraft-Heinz.

The restructuring is expected to see the company leave the FTSE 100, with a notice published on the FTSE Russell website stating that New Unilever NV will “no longer be eligible” for the index.

Unilever has in the past turned to Slaughter and May for much of its big-ticket corporate work, but Linklaters has picked up a number of key mandates for the company in recent years.

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