{"id":94539,"date":"2024-08-06T00:00:00","date_gmt":"2024-08-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adia-consortium-offloads-10-of-galderma-to-loreal\/"},"modified":"2024-08-06T00:00:00","modified_gmt":"2024-08-06T00:00:00","slug":"adia-consortium-offloads-10-of-galderma-to-loreal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/08\/06\/adia-consortium-offloads-10-of-galderma-to-loreal\/","title":{"rendered":"Adia consortium offloads 10% of Galderma to L\u2019Or\u00e9al"},"content":{"rendered":"

Adia subsidiary to sell 10% of Galderma:<\/strong> An Abu Dhabi Investment Authority (Adia) subsidiary, alongside EQT-led Sunshine SwissCo, and Singapore\u2019s Auba Investment will sell a 10% stake in Swiss skincare company Galderma to French L\u2019Or\u00e9al for an undisclosed sum, according to a <\/a>press release<\/a>(pdf)<\/a>. Analysts peg the value of the stake at EUR 1.7 bn or USD 1.85 bn based on its CHF 66.96 closing price on Friday, the Financial Times<\/a> reports. <\/p>\n

Current ownership: <\/strong>The exact size of Adia\u2019s stake in Galderma following the sale is unclear, but the consortium collectively owned 77.21% of the company before the stake sale, according to the SIX Swiss Exchange<\/a>. <\/p>\n

Background: <\/strong>In 2019, a consortium of Adia, Swedish private equity company EQT, and Singapore's GIC acquired<\/a> Galderma \u2014 formerly Nestl\u00e9 Skin Health \u2014 for CHF 10.2 bn (c.USD 11.9 bn) from Nestl\u00e9. Initially established as a 50\/50 JV between L\u2019Or\u00e9al and Nestl\u00e9, L\u2019Or\u00e9al sold off its 50% ownership stake in Galderma to Nestl\u00e9 in 2014<\/a>. <\/p>\n

REMEMBER- <\/strong>Galderma went public on the SIX Swiss Exchange in March<\/a>, raising CHF 2.3 bn<\/a> (USD 2.6 bn) in an IPO that marked Switzerland\u2019s biggest since 2017<\/a>. The consortium remained a majority shareholder in Galderma following the market debut.<\/p>\n","protected":false},"excerpt":{"rendered":"

Adia acquired Galderma as part of a consortium for c. USD 11.9 bn from Nestl\u00e9 in 2019<\/p>\n","protected":false},"author":1,"featured_media":94540,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[368,7,1725,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-abu-dhabi-investment-authority","tag-enterpriseam-uae","tag-galderma","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"37c9985e-ad2d-4742-a656-08f0f228a3b3","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/423.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Abu Dhabi Investment Authority consortium offloads 10% of Galderma to L\u2019Or\u00e9al","related_issue":[94529],"teaser":"Adia acquired Galderma as part of a consortium for c. USD 11.9 bn from Nestl\u00e9 in 2019","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.90604a71-0b2f-4b4e-bcd4-6b80a025e484.mp3"},"yoast_head":"\nAdia consortium offloads 10% of Galderma to L\u2019Or\u00e9al - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/06\/adia-consortium-offloads-10-of-galderma-to-loreal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adia consortium offloads 10% of Galderma to L\u2019Or\u00e9al\" \/>\n<meta property=\"og:description\" content=\"Adia acquired Galderma as part of a consortium for c. 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