Who just bought Laser Clinics Australia?
A global investment firm, KKR, will acquire a majority stake in the Laser Clinics Australia business, with current investor The Growth Fund retaining a minority stake.
As partners, KKR and The Growth Fund will help LCA continue growing the 80+ clinic network, the introduction of new product and service offerings, and international expansion.
Tim Sinclair, general manager of LCA, said “Over the past decade, Laser Clinics Australia has sought to provide clients with the highest-quality aesthetic treatments. The Growth Fund has been an ideal partner and we are excited to continue our relationship.
“The introduction of KKR marks the next stage of our evolution as a business. KKR has a deep understanding of our industry and brings significant global and operational experience. With their support, we will be even better equipped to grow the business, enhance the quality of our services and improve our proposition to women and men across Australia.”
Gareth Woodbridge, principal at KKR Australia, said “We have been impressed by the quality of LCA’s franchise model and commitment to the highest clinic standards and client experience. The non-invasive aesthetic space is seeing significant growth and we look forward to assisting the Company to expand its clinic network to support the growing demand for services.”
The Growth Fund joined the founders of LCA in 2014, investing in the business to accelerate the rollout of the clinic network.
LCA offers a range of treatments and services including laser hair reduction, cosmetic injectables, skin treatments and complementary products. The company is supported by a dedicated team of franchisees and a team of approximately 135 experienced doctors and nurses.