Private-Equity Investors Poised To Acquire Nestlé Skin Health, Promising US Expansion
After working hard to turnaround its troubled Skin Health dermatology operation, Nestlé looks set to offload the business to a consortium of private-equity buyers. The consortium - led by EQT - have identified expansion in the US consumer health market as an immediate priority.
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Nestlé's once troubled Skin Health business is now a "leader in its space" after an astonishing turnaround, according to the Swiss firm's CEO. What's more, potential buyers for the unit are queuing out the door, waiting for Nestlé to kick off a much anticipated sale process.