Weston Presidio and Main Post Partners have sold Signal Hill, California-based Edge Systems, a maker of non-invasive equipment and consumables used for skin health treatments. The buyers were DW Healthcare Partners and Linden Capital Partners. No financial terms were disclosed. Piper Jaffray & Co. and BMO Capital Markets provided financial advice to Weston Presidio and Main Post on the deal.
SAN FRANCISCO, Dec. 13, 2016 /PRNewswire/ — On the heels of two other recent successful exits, the sale of its positions in Snooze, an A. M. Eatery, and Jimmy John’s Gourmet Sandwiches, Weston Presidio announced it has completed the sale of Edge Systems (“Edge” or the “Company”). Headquartered in Signal Hill, California, Edge designs, assembles, markets and sells devices and related consumable products including the award-winning, patented HydraFacial skin care procedure, which helps rejuvenate and maintain skin health and wellness. From its origins as a garage start up, the company has grown to a current installed base including high-end resorts, spas, dermatologists and plastic surgeons in over 75 countries.
Bill Cohen, Co-Founder and President of Edge Systems, said “When Roger Ignon and I founded Edge nearly 20 years ago, our background was in the B2B aspect of medical aesthetics. Weston/Main Post brought us their expertise with national branding and consumer awareness. With the help of our talented team and partners at Main Post / Weston Presidio, we have been able to disrupt and become a global leader within the skin health and wellness market.” Roger Ignon, Co-Founder and Head of R&D at Edge Systems, added, “We are proud of all that we have been able to accomplish and, with the strategic support from our partners and the outstanding work of our team, we are poised to take the business to even higher heights during this next phase of growth.”
Jeff Mills, Managing Partner of Main Post Partners and a partner with Weston Presidio, concurred, “Bill Cohen and Roger Ignon created an incredible business and we are thankful for all their and management’s hard work during our partnership. Our goal is to identify high potential growth companies with an opportunity to build best in class businesses, and Edge has become an industry leader in skin treatment services.”
Josh McDowell, Partner at Weston Presidio and Partner of Main Post Partners, added, “We have enjoyed working collaboratively with the founders to invest in the organization, marketing and field support over the last four years and supporting them as they tripled the business during that time.”
Piper Jaffray & Co. and BMO Capital Markets served as financial advisors and Morrison & Foerster LLP served as legal advisor to the sellers. Edge was acquired by Linden Capital Partners and DW Healthcare Partners.
About Edge Systems
Headquartered in Signal Hill, California, Edge Systems designs and markets patented equipment and consumable products for non-invasive aesthetic skin treatments. Combining the most advanced device and formula technologies available, Edge is an industry leader, providing constantly evolving, first-to-market innovations to medical professionals and patients. Edge holds over 17 U.S. and worldwide patents – with an additional 14 pending – and maintains a growing installed base across 75 countries. For more information, please visit http://www.edgeforlife.com.
About Weston Presidio and Main Post Partners
Founded in 1991, Weston Presidio focused on growth equity investments. In 2014, the San Francisco partners of Weston Presidio, formed Main Post Partners, a private equity firm that invests in high growth companies across the consumer value chain. Working in partnership with management and its network of skilled operating advisers, Main Post seeks to build and grow proven, entrepreneurial companies into best-in-class, industry leaders. www.mainpostpartners.com