On 5 August 2024, L’Oréal and Galderma announced the acquisition of a 10% stake in Galderma Group AG from Sunshine SwissCo AG, a consortium led by EQT, Abu Dhabi Investment Authority (ADIA), and Auba Investment Pte. Ltd., for an undisclosed amount. As part of this transaction, L’Oréal has agreed to certain undertakings with Sunshine SwissCo AG under a shareholders’ agreement. The acquisition will not result in any changes to the Galderma board of directors or its governance structure.