EQT, ADIA and PSP Investments completed $10.1bn acquisition of Nestle's skin health unit.

A consortium of private equity firms EQT, ADIA and PSP Investments completed $10.1bn acquisition of Nestle's skin health unit, that provides science-based solutions to meet the specific skin health needs of healthcare professionals, patients and consumers. The investment is in line with EQT’s thematic approach of investing with the trend in businesses with positive societal impact, advancing the progress of one or more of the United Nations Sustainable Development Goals. Nestlé Skin Health contributes to society by enhancing the quality of people’s lives and by contributing to a healthier future through science-based solutions for skin health. “NSH is a leading global business with a well-balanced portfolio of dermatology products, targeting sizeable end-markets with strong underlying growth. This proposed transaction aligns with our approach of making strategic investments alongside proven partners to help strong, innovative businesses grow,” Hamad Shahwan Al Dhaheri, ADIA Private Equities Department Executive Director.