Evercore has landed a role advising Nestlé on the $10.1bn sale of its Skin Health business to a consortium of private equity firms, a boost to the company after a difficult first quarter for boutique investment banks.

The boutique bank is advising Nestlé alongside Credit Suisse on the transaction, with a group of private equity firms led by EQT and a subsidiary of the Abu Dhabi Investment Authority winning the fiercely contested deal.