L’Oréal acquires additional stake in Galderma: the advisors
L’Oréal acquired an additional 10% stake in Galderma. In connection with the transaction, Bär & Karrer advised the buyer, Niederer Kraft Frey (NKF) supported Galderma, while Homburger represented EQT, leader in a consortiun of sellers, including Sunshine SwissCo GmbH (SSCO), Abu Dhabi Investment Authority (ADIA) and Auba Investment. Pursuant to the deal L’Oréal’s total shareholding in Galderma will rise to 20%, building on an initial investment dating August 2024.
Following the investment increase, Galderma will evaluate the possibility to name two non-independent board candidates from L’Oréal.
The Homburger team
Frank Gerhard (pictured left) and Margrit Marti (pictured right) led the Homburger team on the matter. The firm’s team included Carlo Sulser, Estelle Piccard, Jannis Zafeirakos and Viviane Egli (all corporate / M&A, capital markets), Stefan Oesterhelt and Laetitia Fracheboud (both tax), Richard Stäuber and Giulia Meier (both competition) as well as Micha Fankhauser (financial market regulation).
The NKF team
Corporate and capital markets partner Philippe Weber (pictured) led the NKF team on the matter.
The Bär & Karrer team
The team Bär & Karrer working on the matter includes Mariel Hoch (pictured), Dieter Dubs, Fabienne Perlini-Frehner, Marlene Lienau, Dominic Leu, Nick Wälti and Ben Tschigg (all M&A) as well as Mani Reinert (antitrust).
