Nestlé enters exclusive talks to sell skin health unit to private equity firm for $10.1B

Nestlé, a Swiss consumer goods giant, has entered exclusive talks to sell its skin health business to a consortium led by private equity firm EQT Partners for $10.1 billion, according to The Wall Street Journal.

The consumer goods manufacturer announced in September it was exploring options for the skin health unit, including a sale, as an effort to reshape its product portfolio. 

Nestlé's skin health business includes acne-care products like Proactive and Cetaphil.

The sale of the skin-health business to the consortium led by EQT Partners is expected to close in the second half of this year.

The consortium includes EQT Partners, a unit of the Abu Dhabi Investment Authority and PSP Investments.

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars