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EQT to acquire Nestlé’s skincare division for USD 10bn
May 16, 2019

A consortium led by EQT and ADIA have been hand-picked by Nestlé’s management to acquire its skincare unit for USD 10bn. In the process, KKR-, Advent- and Cinven-consortiums has been turned down. Nestlé’s skincare unit reported a turnover of USD 2.7bn in 2017, corresponding to an EV/sales multiple of 3.7x.

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