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
- Industry
- Healthcare Services
- Location
- California, United States
- Transaction Type
- Buyout
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