{"id":43744,"date":"2024-08-07T06:43:37","date_gmt":"2024-08-07T06:43:37","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&p=43744"},"modified":"2024-08-07T06:43:49","modified_gmt":"2024-08-07T06:43:49","slug":"homburger-advises-eqt-on-its-sale-of-10-in-galderma-to-loreal","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/homburger-advises-eqt-on-its-sale-of-10-in-galderma-to-loreal\/","title":{"rendered":"Homburger advises EQT on its sale of 10% in Galderma to L’Or\u00e9al"},"content":{"rendered":"

On August 5, 2024, L’Or\u00e9al and Galderma announced the ac-quisition of a 10% stake in Galderma Group AG from Sun-shine SwissCo AG (a consortium led by EQT),<\/strong>Abu Dhabi Investment Authority (ADIA) and Auba Investment Pte. Ltd. (all acting as sellers), for a non-disclosed amount. In connection therewith, L’Or\u00e9al has agreed vis-\u00e0-vis Sunshine SwissCo AG to certain undertakings as part of a shareholders’ agreement. Following the transaction, no changes to the Galderma board of directors and its governance are envisioned.<\/span><\/p>\n

In addition, L’Or\u00e9al and Galderma have agreed to work to-wards a strategic scientific partnership that will leverage the undisputed expertise of both companies: Galderma’s across a broad range of dermatological solutions, and L’Or\u00e9al\u2019s exper-tise in skin biology, diagnostic tools and evaluation methods.<\/p>\n

Homburger acted as transaction counsel to EQT. The team was led by Frank Gerhard and Margrit Marti (both Corporate \/ M&A, Capital Markets) and comprises Estelle Piccard, Simone Schmid and H\u00e9lo\u00efse de Jamblinne (all Corporate \/ M&A), Stef-an Oesterhelt (Tax), Richard St\u00e4uber (Competition) as well as Micha Fankhauser (Financial Market Regulation).<\/p>\n

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