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Private equity firms circling Nestle's skin health business: Reports

The fragmented consumer health sector is attractive for deals because of aging populations in many industrialised nations, increased interest in health and rising incomes, analysts say

Reuters  |  Frankfurt/London 

Private equity firms Cinven and Advent have teamed up to bid in an auction that could value Nestle's skin health business at about 7 billion Swiss francs ($7 billion), three sources familiar with the matter said. Private equity companies Blackstone, KKR, Carlyle, CVC, EQT and Partners Group are also expected to bid and might look for partners, according to the sources, who declined to be identified as the process is private. Nestle launched a review of the unit in September, as the maker of Nescafe coffee and Perrier water ditches underperforming businesses and fends off ...

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First Published: Mon, January 21 2019. 21:33 IST