Morning!
Vesey Street Capital Partners has kicked off a sale process for Elite Body Sculpture, as a safer and less painful alternative to liposuction sees rapid growth, PE Hub has learned.
Elite Body Sculpture has benefited from macro trends that include the retailization of healthcare and a booming industry for cosmetic aesthetics. Once taboo, the demand for cosmetic surgery has seen significant growth over the last several years. The company also operates a cash-pay model with no risk relating to third-party reimbursement – an attractive characteristic to many in the sponsor community.
Read more about the process here.
The process comes on the heels of notable activity in the broader cosmetic aesthetics industry, such as HydraFacial, backed by Linden Capital Partners and DW Healthcare Partners, agreeing to a $1.1 billion SPAC merger in December. HydraFacial’s 30-minute signature facial is likened to a medical treatment and viewed as an alternative to microdermabrasion.
When you’re stuck at home: Jaxex, one of the largest British video game studios, has been acquired by Carlyle Group as its titles experience peak popularity across the world. 2020 saw record numbers of subscribing players, more than half of which are in the United States, the company said. As games including RuneScape and Old School RuneScape breaking subscription records, Jagex grew grew its headcount by 20 percent year-on-year.
Read PE Hub’s brief on the deal.
Public candidate: The Bountiful Co. (formerly Nature’s Bounty), the KKR-owned nutritional supplements maker, is preparing to go public as soon as this year, people with knowledge of the matter told Bloomberg. KKR agreed to buy a majority stake in the company in 2017 from Carlyle Group, which took Nature’s Bounty private in a $3.8 billion deal in 2010, when it was called NBTY, the report said. Check it out.
That’s it for today! As always, write to me at springle@buyoutsinsider.com with any tips, comments or just to say hello.
Note to Readers: It’s that time of year … for the 21st time, the editors of PE Hub and Buyouts honor exceptional buyouts with our Deal of the Year Awards.
Winners are chosen in seven categories: Deal of the Year, Large-Market Deal of the Year, Middle-Market Deal of the Year, Small-Market Deal of the Year, Turnaround of the Year, International Deal of the Year, and Secondaries Deal of the Year.
Go here for more information and to read about rules and methodology. Also check out past winners. Last year, New Mountain took the crown with its exit of Equian.
If you have additional questions, email Private Equity Editor Chris Witkowsky at cwitkowsky@buyoutsinsider.com.
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