Perrigo (PRGO) said Monday it has agreed to sell its dermacosmetics branded business for up to 327 million euros ($382 million) to Kairos Bidco, a KKR (KKR) managed investment vehicle.
The transaction is to consist of 300 million euros in upfront cash and up to an additional 27 million euros contingent upon certain sales-related milestones achieved over the next three years, the company said. Perrigo said the proceeds from the sale will be used for previously announced capital allocation priorities.
The deal is expected to close in Q1 of 2026, Perrigo said.
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