L’Oréal to Acquire 10% Stake in Swiss Skin Care Company Galderma

Galderma, originally set up as a joint venture between Nestle and L’Oreal before the latter sold its 50 percent stake in 2014, listed an initial tranche of its stock in late March.

L’Oréal will now acquire a 10 percent stake for an undisclosed premium from Sunshine SwissCo AG – a consortium led by Swedish private equity firm EQT – Abu Dhabi Investment Authority (ADIA) and Auba Investment Pte. Ltd.

Galderma, which had a market…