HydraFacial to merge with Vesper Healthcare Acquisition

• HydraFacial and Vesper Healthcare Acquisition (VSPR) have entered into a definitive merger agreement pursuant to which HydraFacial and Vesper Healthcare will combine.
• Upon completion of the transaction, the combined company expects to be listed on the NASDAQ exchange.
• HydraFacial, a category-creating beauty health company is owned by Linden Capital Partners and DW Healthcare Partners IV, LP both of which are private equity firms focused exclusively on the healthcare industry.
• The transaction is expected to drive both U.S. and international growth, and broaden HydraFacial’s global footprint in the beauty-health category.
• The transaction is valued at a pro forma enterprise value of $1.1B; purchase price consists of $975M payable at closing and up to $75M payable upon the completion of certain identified acquisitions by the combined company.
• Shares VSPR +7.8% pre-market.

Comments

[11146471]

This is gonna be h.u.g.e. !

[Michariz]

@11146471 Please explain why. I don't understand HydraFacial. Isn't that old women going for a $250.00 facial at the spa? The management of Vesper is intriguing, but I don't understand this acquisition. Thanks.

[11146471]

@Michariz its a Californian company marketed as a Hollywood thing on a global scale not US only. They have an extended network of collaboration MDs in many countries. CEO of SPAC was the CEO of Allegan/ Botox.

[Rainer-63]

@11146471 thanks for your insight. I agree, this could be a 5bagger within some years.