EQT-Led Group Exits Galderma With Over Four Times Return

A trio of shareholders in Galderma Group AG have reaped a more than four times return from their investments in the Swiss skincare company, according to people familiar with the matter.

Buyout firm EQT AB, Abu Dhabi Investment Authority and Auba Investment Pte — a vehicle of Singaporean sovereign wealth fund GIC Pte — this week exited their remaining stake in Galderma in a 4.89 billion Swiss francs ($6.3 billion) share sale. The transaction, the finale of an exit plan under the codename “Project Indigo,” was increased twice on the back of strong investor demand, the people said.