Baker McKenzie with Banco Santander and J.P. Morgan on bridge facility for Galderma

Baker McKenzie advised Banco Santander and J.P. Morgan on a USD 800 million bridge facility agreement for Galderma Holding. The facility finances Galderma’s acquisition of ZO Skin Health from private equity investor Blackstone.

Financing details

Banco Santander and J.P. Morgan arranged and underwrote the bridge facility. Galderma is a dermatology company listed on the SIX Swiss Exchange and operates in approximately 90 countries.

Baker McKenzie team

Baker McKenzie advised the lenders on all Swiss legal and tax aspects of the transaction. The team was led by banking & finance partner Markus Wolf (pictured). It also included Felix Maier, Associate in banking & finance in Zurich, and Andrea Bolliger, counsel in tax in Zurich.