IFLR1000

EQT/ADIA/PSP Investments $10 billion acquisition of Nestlé Skin Health

17/5/2019
Private acquisition
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$ 10 billion

Announced

17/5/2019

Overview:

  • A consortium comprising EQT VIII fund, Luxinva, a subsidiary of the Abu Dhabi Investment Authority (ADIA), PSP Investments and other institutional investors, has moved to acquire Nestlé Skin Health (NSH) for an enterprise value of SFr10.2 billion.
  • NSH was founded in 1982 as Galderma and is a skincare company. It is headquartered in Lausanne in Switzerland.
  • Rothschild & Co and PricewaterhouseCoopers acted as financial advisors to the consortium.

Sam Duke

Jurisdictions:

Switzerland
United Kingdom

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Consumer goods and services

Firms:
Kirkland & Ellis

Party: EQT (Acquirer)

Latham & Watkins

Party: EQT (Borrower)

Lawyers: Dominic Newcomb, Jennifer Engelhardt

Linklaters

Party: Nestlé (Seller)

Lawyers: David Martin, Michael Honan

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