Maddocks has advised the Hair and Beauty Group on its sale of Australian Skin Clinics to Silk Laser Australia Ltd.
Under the $52 million deal, Silk Laser Clinics has bought 100% of the shares in Australian Skin Clinics. The acquisition will see Australian Skin Clinic’s 56 outlets in Australia and New Zealand added to the Silk Laser Clinics stable.
To partially fund the deal, Silk has launched $20 million equity raising.
Silk Laser Clinics offers skin and hair care treatment, surgery, body sculpting, and cosmetic injection services.
Australian Skin Clinics provides cosmetic treatment services.
The Maddocks team on the matter was corporate partner Greg Hipwell (Picture), senior associate Elizabeth Lilley and lawyer Alisha Shamim.
Law Firms: Maddocks;
Clients: Hair and Beauty Group ;