Banks line up for Nestlé Skin Health auction

Nestle Ice Cream
By Owen Sanderson
06 Mar 2019

Investment banks are lining up to back the bidders in the Nestlé skincare unit auction, underwriting a package of acquisition debt that could hit the market in two to three months’ time, according to a leveraged finance syndicate banker.

First-round bids for the unit, which could be valued at around $7bn, are due on Wednesday, according to the Financial Times. In January, Reuters reported that CVC, Carlyle, KKR, Blackstone, EQT and Partners Group were bidding. A consortium of Cinven, Advent International and GIC is also expected to ...

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