MICC
Live News • 14h
Magnum Ice Cream Shares Jump as Blackstone and CD&R Consider Take-Private Offer Magnum Ice Cream shares jumped between 11% and 18% after reports that Blackstone and Clayton, Dubilier & Rice are weighing bids to take the company private.
The potential bidders are watching Magnum’s key summer sales period before deciding on a formal offer.
Magnum, spun off from Unilever in late 2025, recently reported Q1 2026 earnings that came in stronger than expected and reaffirmed its full-year sales growth outlook of 3-5%, despite volume pressures tied to weight-loss drug trends and geopolitical risks.
The interest from large private equity buyers highlights how much value financial sponsors see in Magnum’s standalone ice cream franchise following its spin-off from Unilever.
Investors are likely to focus on how summer trading and any update on Unilever’s plan to fully exit its remaining stake within five years influence both the likelihood and potential terms of a take-private deal. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €13.08, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 14x in the Food industry in Europe. Announcement • Mar 31
The Magnum Ice Cream Company N.V. (ENXTAM:MICC) completed the acquisition of 61.90% stake in Kwality Walls (India) Limited (NSEI:KWIL) from a group of shareholders. The Magnum Ice Cream Company N.V. (ENXTAM:MICC) entered into the Share purchase agreement to acquire 61.90% stake in Kwality Walls (India) Limited (NSEI:KWIL) from a group of shareholders for INR 30 billion on June 25, 2025. A cash consideration of INR 29.98 billion will be paid by The Magnum Ice Cream Company N.V. As part of consideration, INR 29.98 billion is paid towards common equity of Kwality Walls (India) Limited. In a related transaction, The Magnum Ice Cream Company N.V. proposed to acquire 26% stake in Kwality Walls (India) Limited (NSEI:KWIL) for INR 13 billion on February 16, 2026.
The transaction is subject to Fulfilment of certain conditions in the SPA (including the successful demerger of KWIL from HUL and listing of KWIL shares) and receipt of requisite statutory and other approvals; and Magnum HoldCo making an open offer to the public shareholders of KWIL for additional shares of KWIL in accordance with the Securities and Exchange Board of India Regulations, 2011.
Cyril Amarchand Mangaldas advised Kwality Wall’s (India) Limited in relation to listing of its equity shares on BSE Limited and the National Stock Exchange of India Limited. Cyril Amarchand Mangaldas was also the sole transaction counsel to HUL for the demerger and listing of KWIL. Vineet Shingal, Sharad Abhyankar, Dinesh Kumar Agrawal, Avnish Sharma, Deepak Kumar, Nishad Nadkarni, Nishant Arora, Rahul Jain, Shabnam Shaikh, Shailendra Bhandare, Sudipta Bhattacharjee, Supratim Chakraborty, Sourav Dan of Khaitan & Co advised The Magnum Ice Cream Company Limited and Kwality Walls (India) Limited on demerger of HUL’s ice cream business and proposed listing of KWIL.
The Magnum Ice Cream Company N.V. (ENXTAM:MICC) completed the acquisition of 61.90% stake in Kwality Walls (India) Limited (NSEI:KWIL) from a group of shareholders on March 30, 2026. 
