Cinven and Advent join forces to bid for Nestlé Skin Health division (CHF7bn)

Reuters has reported today that private equity firms Advent and Cinven supposedly teamed up to bid in an auction aimed at acquiring Nestlé Skin Health division, which is at least estimated at CHF7bn.

According to Reuters, however, other PE companies are also keen on taking part in the auction; among them, the most likely to participate are CVC Capital Partners, KKR, EQT Partners, The Blackstone Group, Partners Group and Carlyle Group.

 

(Source: Reuters)