On March 24, 2016, Guthy-Renker LLC entered, subject to merger control clearances and other customary closing conditions, into a joint venture agreement with Nestlé Skin Health S.A. by which Nestlé Skin Health S.A. acquired a majority stake in Guthy-Renker. The joint venture focuses on the global consumer acne market and unites Guthy-Renker’s consumer insights and digital expertise under the world’s leading non-prescription acne brand "Proactiv" with Nestlé Skin Health’s science-based innovation and expertise in skin health. On May 3, 2016, the joint venture company The Proactiv Company Sàrl was entered in the Vaud commercial register.
VISCHER advised Guthy-Renker LLC in all matters with respect to Swiss law and Swiss tax. The VISCHER team was led by Christoph Niederer (Partner, Tax) and Felix W. Egli (Partner, Corporate) and further included Thomas Krizaj (Managing Associate, Corporate), Seraina Tsering (Senior Associate, Corporate), Sebastian Huber (Associate, Corporate), Rebekka M. Keller (Associate, Corporate) and Beatrice Klaesi (Senior Associate, Tax).