Clearwater International advises Adonia Medical Group on sale to sk:n Group
Clearwater International has advised the shareholders of Adonia Medical Group, on its sale to the sk:n Group, a network of specialist skin care clinics in the UK backed by Trispan Private Equity.
The Adonia Medical Group includes Courthouse Clinics, a chain of 11 clinics across the UK offering a wide range of anti-ageing aesthetic and wellbeing treatments including laser hair removal, anti-ageing injections, skin rejuvenation and weight-loss products.
The transaction will enable the s:kn Group to increase its national footprint, extending its reach into new clinic locations as well as providing greater diversity through its enhanced portfolio of complementary services.
The Clearwater International deal team consisted of Managing Partner Phil Burns, Director Helen Lowe, Associate Director Will Arnold and Associate Robert Herscovici.
Paul Wilkinson, CEO the Adonia Medical Group, says: “The acquisition is a fantastic opportunity for The Adonia Medical Group to join forces with the largest independent aesthetics clinic network in the UK. It is an exciting opportunity for all our employees and I look forward to working with the senior team to continue to develop our businesses.”
Phil Burns, Managing Partner at Clearwater International, says: “Adonia Medical Group is a great fit for a business such as sk:n. The business offers a great service proposition that will only continue to go from strength to strength. We believe Adonia will further enhance sk:n’s established network and we look forward to seeing the two businesses grow together as one.”
The shareholders of Adonia Medical Group were advised by Clearwater International and Clyde & Co. Alantra advised the sk:n Group.