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May 16, 2019

Nestle’s skin health unit to move into hands of Swedish, UAE private investment funds

Nestlé has found buyers for its skin health division put up for review last year as part of the Swiss food giant's health and wellness strategy.

By Dean Best

Nestlé has found buyers for its skin health division put up for review last year as part of the Swiss food giant’s strategy to “sharpen” its focus on food, beverage and nutritional health products.

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Consumer industry investors across the world are betting big on the ESG trend to pick up in the future and are focusing on backing the start-ups and emerging companies working in the meat-alternative products category.   The top two deals in this category were the $500 million investment raised by Impossible Foods and the $347 million investment deal for Future Meat Technologies.  GlobalData’s Venture Capital Investments – Consumer 2021 will help you dive into the capital raising landscape across regions and themes.  Use the report to identify emerging signals and trends across Consumer, formulating winning strategies for the road ahead.   
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The owner of food brands such as KitKat chocolate and Cheerios breakfast cereals has entered into an exclusive agreement with a consortium led by Sweden-based private-equity fund EQT Partners and a wholly-owned subsidiary of sovereign wealth fund the Abu Dhabi Investment Authority, according to a statement today (16 May). The deal price for Nestlé Skin Health has been set at CHF10.2bn (US$10.1bn).     Nestlé said the transaction is expected to close in the second half of the year subject to regulatory approval and employee consultations. The business unit employs 5,000 people across 40 countries.    

Zurich-listed Nestlé said the Lausanne headquartered division generated sales of CHF2.8bn last year. It provides science-based solutions for healthcare professionals, patients and consumers through three complementary business units: Epiduo and Soolantra in prescriptions; Restylane and Azzalure in aesthetics; and Cetaphil and Proactiv in consumer care.

Last September, Nestlé said it was exploring strategic options for the skin health division as part of a focus on its health and wellness strategy, and enabling the company to “deepen resource commitment to its key growth initiatives and facilitate the implementation of its accelerated long-term value creation strategy”.  

Nestlé has made a number of business disposals in recent quarters. Last year, it sold its US confectionery business to Italy’s Ferrero and offloaded its Serbian chocolate brand Cipiripi to Paracinka, a subsidiary of Serbian food distributor Silbo. It is also currently reviewing its Herta meats frankfurter unit as it seeks to increase its focus on the plant-based category.

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Free Report
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VC funding trends to watch out for in Consumer

Consumer industry investors across the world are betting big on the ESG trend to pick up in the future and are focusing on backing the start-ups and emerging companies working in the meat-alternative products category.   The top two deals in this category were the $500 million investment raised by Impossible Foods and the $347 million investment deal for Future Meat Technologies.  GlobalData’s Venture Capital Investments – Consumer 2021 will help you dive into the capital raising landscape across regions and themes.  Use the report to identify emerging signals and trends across Consumer, formulating winning strategies for the road ahead.   
by GlobalData
Enter your details here to receive your free Report.

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