Nestlé Skin Health in Talks to Sell Galderma to Private Equity Firm

Posted By American Med Spa Association, Friday, May 17, 2019

Nestlé has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as the food group shifts its portfolio in response to changing consumer demands.
The proposed transaction with private equity firm EQT, a unit of the Abu Dhabi Investment Authority and PSP Investments is expected to close in the second half of 2019 pending regulatory approval, Nestlé said on Thursday.

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