BlueGem Capital Partners portfolio company The Private Clinic Group has acquired acquisition of The Cosmetic Skin Clinic (CSC) to create a high-end invasive and non-invasive cosmetic treatment provider in the UK and leader in Europe.
The combined group will have revenue of approximately GBP30 million, with approximately 20 per cent EBITDA margin in 2019.
The Private Clinic operates out of 12 clinics nationwide with undisputed leadership in specific areas such as hair transplants, plastic surgery and liposuction. The Company’s emphasis on providing a 5- star experience and absolute confidentiality has gained them a following amongst VIPs flying to their Harley Street flagship from all over the world. Since its acquisition by Bluegem in 2008, The Private Clinic has opened 6 new clinics and grown revenue from GBP4 million to circa GBP18 million in 2018, establishing itself as the leader in the premium sector. The new group will benefit from 35 years of experience and 14 clinics nationwide, including a hospital located in the heart of London.
The Cosmetic Skin Clinic specialises in cutting-edge non-surgical treatments carried out in a state-of- the-art clinic in Buckinghamshire and a second clinic in Central London. The Company has been the No.1 clinic for CoolSculpting® in UK and Western Europe for the past 6 years and No.1 Ultherapy® provider in the UK and Ireland for 5 years running and in the UK and Europe in 2017/2018.
Emilio Di Spiezio Sardo, Co-Founder and Partner of BlueGem and Sarah Walker, Director of Bluegem, commented: “We are delighted to announce the acquisition of The Cosmetic Skin Clinic by The Private Clinic Group. It is an excellent example of BlueGem’s approach to creating value in our portfolio companies, as we support them both financially and managerially to find the best growth solutions. Today’s acquisition further supports our vision to be the leading consolidator of premium cosmetics clinics in the UK, following previous acquisitions including Hans Place (2009), Regency Medical (2010) and Aurora Clinics (2016). The platform is very well positioned to continue this growth journey, via both organic growth and new buy-and-build opportunities.”
Valentina Petrone, CEO of Private Clinic, says: “We are very excited about this acquisition. The Private Clinic is always looking for innovative treatments and we believe we have found a partner of excellence for those patients opting for non-surgical alternatives. The merger of the two companies will allow us to offer an even broader range of treatments and to broaden our medical team. We have great confidence in the sector, as we see the long-term positive impact that these procedures have on our patients.”
Dr. Tracy Mountford, Founder of Cosmetic Skin Clinic, says: “I have taken this exciting step forward with The Private Clinic, the vision being to raise the bar of cosmetic medicine still further. This acquisition means that patients will be able to receive the highest quality, innovative non-surgical treatments for which The Cosmetic Skin Clinic is known, as well as having full access to the outstanding cosmetic surgical portfolio that The Private Clinic offers with its world-renowned surgeons. Both companies each have over 30 years’ high-end experience in the cosmetic sector.”
BlueGem and The Private Clinic were advised by EPIC, McDermott Will & Emery, Grant Thornton and Marlborough Partners.
The Cosmetic Skin Clinic was advised by Farrer & Co and Glazers.
