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Blackstone inks $1.5bn sale of ZO Skin Health to Galderma

Wednesday, October 14, 2026 · first reported by PE Hub and 3 others

Galderma is buying ZO Skin Health from Blackstone for $1.5bn. ZO was founded by dermatologist Zein Obagi. Its net sales came to about $330m for the year ended June, and its range covers over 40 products, marketed in more than 40 countries.

Global Legal Post reports that Ropes advises Galderma, a Swiss skincare group, and that the acquisition raises its exposure to the US market. Weil and Paul Weiss represent ZO and Blackstone.

Also named
Galderma, ZO Skin Health
Deal value
$1.5B
Asset class
Private equity
Geography
North America

Advisers Ropes & Gray (legal counsel), Weil (legal counsel), Paul Weiss (legal counsel), Lazard (financial adviser), J.P. Morgan (financial adviser)

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4 sources

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