EQT And ADIA’s €9 Billion Acquisition of Nestlé Skin Healthcare

Kirkland & Ellis advised the consortium consisting of EQT and the Abu Dhabi Investment Authority who have partnered with a subsidiary of the Public Sector Pension Investment Board and other renowned institutional investors on the CHF 10.200 billion (€9.047 billion) exclusive negotiations to acquire Nestlé Skin Health, a leading global skincare company. Linklaters advised the arranging banks.

Nestlé Skin Health provides science-based solutions to meet the specific skin health needs of healthcare professionals, patients and consumers. It offers a range of leading medical and consumer brands through three complementary business units in prescription, aesthetics and consumer care.

Headquartered in Lausanne, Switzerland, Nestlé Skin Health employs more than 5,000 people across 40 countries.

Rothschild & Co and PricewaterhouseCoopers LLP acted as financial advisors to the consortium of EQT VIII, ADIA and PSP Investments.

Kirkland & Ellis International LLP acted as legal advisor with a team led by London transactional partners Roger Johnson and Aneeq Durrani (Picture).

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) with a team led by partner Till Spillmann, working with senior associates Adrian Koller and Andrea Giger (both Finance) and counsel Elga Reana Tozzi (Tax).

Involved fees earner: Roger Johnson – Kirkland & Ellis; Aneeq Durrani – Linklaters;

Law Firms: Kirkland & Ellis; Linklaters;

Clients: Abu Dhabi Investment Authority (ADIA); EQT Ventures;

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Author: Michael Patrini