On March 24, 2016, Nestlé Skin Health S.A., a global leader focused on science-based solutions for skin health, announced that it has entered into a definitive agreement with Guthy-Renker LLC, a leading direct marketing company, under which it will acquire a majority stake in a joint venture focused on the global consumer acne market. The new venture will unite Nestlé Skin Health’s science-based innovation and expertise in skin health with Guthy-Renker’s consumer insights and digital expertise under the Proactiv brand, the world’s leading non-prescription acne brand.

This transaction is subject to competition authority clearances and other customary closing conditions.

Homburger advised Nestlé Skin Health S.A. in all matters as to Swiss law. The Homburger team was led by partner Frank Gerhard (Corporate | M&A) and comprised partner Dieter Grünblatt (Tax), associate Benjamin Schärer (IP | IT) and junior associate Gaspard Genton (Corporate | M&A).