Nestlé Skin Health acquired by EQT and Abu Dhabi Investment Authority
Niederer Kraft Frey advised the agent, the security agent and the note purchasers on the second lien financing for the CHF 10.2 billion acquisition of Nestlé Skin Health by EQT and Abu Dhabi Investment Authority (ADIA).
Nestlé Skin Health was founded in 1981 as a joint venture between Nestlé S.A. (Nestlé) and L’Oréal under the name “Galderma”. Since 2014 Galderma was the fully owned subsidiary of Nestlé. It offers a range of medical and consumer skin health solutions through three business units: Aesthetics, Prescription and Consumer Care, with combined revenues of CHF 2.8 billion and approximately 5,000 employees worldwide.
The NKF team was led by partner Till Spillmann, working with senior associates Adrian Koller and Andrea Giger (both Finance) and counsel Elga Reana Tozzi (Tax).