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.

  • By Owen Sanderson
  • 16 May 2019

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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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 3,728.01 21 7.15%
2 Credit Agricole CIB 3,101.01 16 5.94%
3 Goldman Sachs 3,092.70 16 5.93%
4 BNP Paribas 2,926.68 24 5.61%
5 Citi 2,758.74 10 5.29%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,271.07 14 7.96%
2 JPMorgan 2,260.62 16 7.93%
3 BNP Paribas 2,167.79 20 7.60%
4 Citi 1,935.99 15 6.79%
5 Goldman Sachs 1,890.62 15 6.63%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,355.10 94 10.25%
2 Citi 11,234.36 86 9.32%
3 Goldman Sachs 8,483.82 60 7.04%
4 Bank of America Merrill Lynch 8,389.21 68 6.96%
5 Morgan Stanley 7,524.77 55 6.24%