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.
More articles on pharmacy:
8 recent pharmaceutical lawsuits, settlements
McKesson renews distribution deal with CVS Health
Sacklers discussed selling Purdue Pharma in 2000, court documents reveal
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
