SILK Laser Australia Limited → Australian Skin Clinics and The Cosmetic Clinic (NZ)
completedDeal announced2021-06-18
BuyerSILK Laser Australia Limited
SellerAustralian Skin Clinics and The Cosmetic Clinic (NZ)
SectorAesthetic/Laser Clinics
ValueA$52.0M
Deal typeM&A
SILK Laser Australia acquired Australian Skin Clinics and NZ's The Cosmetic Clinic for approximately A$52 million, expanding its network to 118 clinics (14 in NZ). Completed 1 September 2021.
Why the buyer wanted it
SILK wanted scale toward its medium-term goal of 150 clinics, adding an established clinic network in both Australia and New Zealand.
Why the seller agreed
Not publicly disclosed.
Stock reaction
SILK raised A$20 million via a A$4.7m-share private placement to institutional investors to help fund the deal shortly before completion.
Analyst / market commentary
Annual synergies estimated at approximately A$0.5 million after a one-year implementation period.
Deal mechanics
Deal structure
A$47m upfront cash plus A$5m earn-out in scrip