Ropes & Gray Advised Galderma in its $1.5 billion acquisition of ZO Skin Health

In The News
October 14, 2026

Ropes & Gray advised Galderma in its agreement to acquire ZO Skin Health for an enterprise value of $1.5 billion in an all-cash deal that expands the Swiss dermatology company’s physician-dispensed skincare portfolio in the US. The deal was announced on October 14.

The deal strengthens Galderma’s skincare portfolio, including its flagship Cetaphil and Alastin brands, and expands its reach among dermatologists, plastic surgeons and other aesthetic medicine professionals.

The Ropes & Gray team was led by private equity partner Janet Coscino and mergers & acquisitions partner Zach Blume and private equity associates Nicole Martinez and Jahkeem Wheatley, and included antitrust partners Ruchit Patel and Jonathan Klarfeld, health care partner Jamie Darch, tax partner Elaine Murphy, international risk partner Emerson Siegle, life sciences regulatory & compliance partner Josh Oyster, employment partner Jen Cormier, litigation & enforcement counsel Alison McLaughlin and Heather Sprague and employment, executive compensation & benefits counsel Christa Sanchez.