Nestlé sold its skin health unit to a consortium of investors led by EQT and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for CHF 10.2 billion ($10.1 billion). Rebranded as Galderma, it will be the world’s largest independent global dermatology company.

WHO: Nestlé established Nestlé Skin Health in 2014 after taking full control of Galderma, which added acne and skin cancer treatments to its portfolio.