Homburger with EQT on Galderma additional stake sale to L’Oréal
Homburger advised EQT on the sale of an additional 10% in Galderma to L’Oréal for an undisclosed amount.
The transaction, currently subject to customary regulatory approvals, involved a consortium of sellers led by EQT and including Sunshine SwissCo GmbH (SSCO), Abu Dhabi Investment Authority (ADIA) and Auba Investment Pte. Ltd. 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.
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).
