HydraFacial to merge with Vesper Healthcare Acquisition

Dec. 09, 2020 9:17 AM ETThe Beauty Health Company (SKIN)SKINBy: Akanksha Bakshi, SA News Editor6 Comments
  • 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.

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