Nestlé Skin Health LBO blockbuster steps closer as EQT wins race
A consortium led by EQT Partners has won the auction of Nestlé Skin Health for Sfr10.2bn ($10.1bn), paving the way for what is likely to be the year’s largest leveraged buyout in Europe, and the third largest since the financial crisis, after AkzoNobel Specialty Chemicals and Refinitiv last year.
EQT is working with Luxinva, the private equity arm of the Abu Dhabi Investment Authority, and Canadian pension plan PSP Investments on the deal, which was fiercely contested.In January, Reuters reported that CVC, Carlyle, KKR, Blackstone, EQT and Partners Group were bidding, as well as a consortium of ...
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