KKR invests in aesthetic skin firm SkinSpirit

Moving forward, CEO and co-founder Lynn Heublein will continue to lead the SkinSpirit.

  • David Ferguson, co-founder of GreyLion, which invested in SkinSpirit in 2018 and will remain a minority owner in the company
  • GreyLion focuses on the lower middle market
  • SkinSpirit was founded in 2003

KKR has made a minority investment in Palo Alto, California-based SkinSpirit, a provider of aesthetic skin and body care. No financial terms were disclosed.

Moving forward, CEO and co-founder Lynn Heublein will continue to lead the SkinSpirit.

SkinSpirit was founded in 2003.

“We see long-term opportunities for growth in medical aesthetics, a category that we have tracked closely for several years,” said Ali Satvat, a partner at KKR and global head of KKR Health Care Strategic Growth, in a statement. “Lynn and her team have built a differentiated platform that has earned the respect of providers and clients across the country.”

David Ferguson, co-founder of GreyLion, which invested in SkinSpirit in 2018 and will remain a minority owner in the company.

GreyLion focuses on investing in high-growth businesses in the lower middle market. Currently, GreyLion manages private equity funds with aggregate commitments of $1.7 billion.