RoundTable Healthcare Partners has acquired a majority stake in Texas-based skincare products providers Revision Skincare LLC and Goodier Cosmetics LLC. No financial terms were disclosed. Triad Securities Corp provided financial advice to Revision-Goodier on the transaction.
LAKE FOREST, Ill., Aug. 3, 2016 /PRNewswire/ — RoundTable Healthcare Partners (“RoundTable”), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today that it has made a majority investment in Revision Skincare LLC (“Revision”) and Goodier Cosmetics LLC (“Goodier”) (together, “Revision-Goodier” or the “Company”).
Revision is a leading marketer of physician direct dispensed products sold exclusively through dermatologists, plastic surgeons and other specialists, including well-known brands such as Nectifirm™, Intellishade™ and Teamine™. Goodier is a developer and manufacturer of niche topical personal care and over-the-counter pharmaceutical products for Revision and other third parties.
Financial terms of the transaction were not disclosed.
John and Rob Muller, the owners and founders of Revision-Goodier, will retain a significant ownership stake in the company and will continue to serve in their current roles as CEO and COO, respectively, and as members of the Board.
“We are very excited to partner with the Mullers,” said Pierre Fréchette, Senior Operating Partner at RoundTable. “They have built a strong presence in the physician direct dispense market and have done a remarkable job serving skincare professionals. We look forward to expanding Revision’s product portfolio through internal product development and via product acquisitions, both for assets sold exclusively through the professional channel as well as over-the-counter skincare products.”
“Revision-Goodier is our third platform investment in the dermatology market in the last five years. Our familiarity with topical contract development and manufacturing organizations will allow us to play a value-added role in supporting the growth of Goodier and their clients,” added David Koo, Senior Partner at RoundTable.
John Muller said, “RoundTable represents the ideal partner for Revision-Goodier. Their extensive experience in the dermatology pharmaceutical marketplace provides us with the needed resources to continue our growth trajectory.”
Rob Muller commented, “We would like to thank our employees for helping us build such a strategically valuable platform company. We are excited about the company’s future in partnership with RoundTable.”
RoundTable’s investment strategy targets companies in the healthcare industry that fall within the expertise and experience of the firm’s operating and transaction principals. Revision-Goodier is the third investment from RoundTable’s $650 million Fund IV. As part of the transaction and to finance further growth opportunities for the Company, RoundTable facilitated the successful completion of new senior credit facilities. The senior credit facilities were led by Capital One Healthcare and included The PrivateBank. Triad Securities Corp. acted as exclusive financial advisor to Revision-Goodier, and Vedder Price P.C. acted as exclusive legal advisor to RoundTable in this transaction.
About Revision Skincare
For more than two decades, Revision Skincare has provided dermatologists, plastic surgeons and medical spas with clinically-proven, high-performing skincare products. Using only premium quality ingredients, the Revision Skincare collection was formulated to provide targeted solutions for enhancing skin’s appearance and reducing signs of aging. Based in Irving, Texas, Revision Skincare retails their advanced skincare line in more than 10 countries. For more information, please visit www.revisionskincare.com.
About Goodier Cosmetics
Located in Dallas, Texas, Goodier Cosmetics is a cGMP-compliant, FDA-registered and OTC-licensed developer and manufacturer of topical skincare products. Operating in over 110,000 square feet of warehouse and manufacturing space, Goodier’s customers include entrepreneurs and companies in need of expert formulation and large-scale filling and manufacturing. Goodier is proud of its reputation for helping companies succeed by delivering stable, effective, marketable products. For more information, please visit www.goodiercosmetics.com.
About RoundTable Healthcare Partners
RoundTable Healthcare Partners, based in Lake Forest, IL, is an operating-oriented private equity firm focused exclusively on the healthcare industry. RoundTable partners with companies that can benefit from its extensive industry relationships and proven operating and transaction expertise. RoundTable has established a successful track record of working with owner/founders, family companies, management teams, entrepreneurs and corporate partners who share a vision and believe in the value creation potential of its partnership model. RoundTable has raised $2.75 billion in committed capital, including four equity funds totaling $2.15 billion and three subordinated debt funds totaling $600 million. More information about RoundTable Healthcare Partners can be found at www.roundtablehp.com.