Vesper Healthcare Acquisition Corp. Merges with The HydraFacial Company (BeautyHealth)

May 5, 2021

Vesper Healthcare Acquisition Corp. completed a business combination with The HydraFacial Company, taking the business public as The Beauty Health Company (ticker: SKIN) in a transaction that values HydraFacial at a pro forma enterprise value of $1.1 billion. The deal included a fully committed $350 million PIPE anchored by institutional investors (including Fidelity, Redmile, Principal, Camber and Woodline), and Linden Capital Partners and DW Healthcare Partners remain meaningful shareholders with management continuing in place.

Buyers
Vesper Healthcare Acquisition Corp. (Vesper), Fidelity Management & Research Company, LLC, Redmile Group, LLC, Principal Global Investors, LLC, Camber Capital Management, Woodline Partners LP
Targets
The HydraFacial Company (Edge Systems, LLC)
Sellers
Linden Capital Partners, DW Healthcare Partners IV, LP
Location
California, United States
Transaction Type
Buyout

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