Is Galderma still owned by Nestle?

Is Galderma still owned by Nestlé?

Founded in 1981 and operated as a wholly owned subsidiary of Nestlé since 2014, Galderma offers a range of medical and consumer skin health solutions through three business units: Aesthetics, Prescription and Consumer Care, with combined revenues of CHF 2.8 billion and approximately 5,000 employees worldwide.

Did Nestlé buy Galderma?

In 2019, Nestlé sold Galderma for $10.2 billion to a consortium comprising the EQT VIII fund, Luxinva (a wholly owned subsidiary of Abu Dhabi Investment Authority), PSP Investments and other institutional investors. Since then, it has been the largest independent dermatology company in the world.

What company owns Galderma?

Galderma Holding SAGalderma / Parent organization

Does Galderma owned Cetaphil?

Galderma owns Cetaphil. Galderma, which had been a wholly-owned subsidiary of Nestle skin 2014, has debuted as a rebranded organization following the closing of a previously announced deal to sell Nestle Skin Health to a consortium.

What brands does Galderma own?

Galderma brands include Epiduo® Forte Gel, Mirvaso® Gel, Soolantra® Cream, Differin® Gel, Oracea® Capsules, Dysport® Gel, Restylane®, Sculptra®, Cetaphil® and Proactiv® (to view these brands, click here).

Is Cetaphil owned by Nestlé?

Nestle Skin Health (NSH), which sells Cetaphil and Proactiv skin care products, Restylane wrinkle fillers and prescription dermatology medicines, had sales of 2.8 billion Swiss francs last year.

How much did Galderma buy Alastin for?

Earlier this month, Alastin signed a definitive agreement to be acquired by Galderma, an independent dermatology company with a valuation of $17.7 billion. Financial terms were not disclosed. Diane Goostree President/CEO Alastin Skincare, Inc.

Who bought Nestlé skin Health?

Nestlé today announced the closing of the sale of Nestlé Skin Health to a consortium led by EQT and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for a value of CHF 10.2 billion.

Why did Nestlé sell Galderma?

Nestlé bulked up in medical skin treatments when it shelled out $3.6 billion to take full control of Galderma from joint venture partner L’Oréal in 2014. That came as part of the company’s attempt to diversify beyond its sluggish food business and march deeper into the more profitable health sector.

When did Nestlé buy Galderma?

Nestle created the unit in 2014 when it bought out L’Oreal’s stake in their Galderma joint venture.

Will Galderma go public?

Zug-based Galderma, expected to be listed in an initial public offering next year, plans to help Alastin expand its reach and strengthen sales further in the U.S., before looking at opportunities for growth in Asia and Europe, Ornskov said.