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Clearskin Clinics bought out for $127.4m
Baker McKenzie has advised Australian Pharmaceutical Industries on its purchase of cosmetic skin and laser hair removal business Clearskin Clinics.
Jerome Doraisamy
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Firm: Baker McKenzie (Australian Pharmaceutical Industries Limited) (API); Allens (Clearskin Clinics).
Deal: API has been advised by Bakers on its acquisition of the Clearskin Clinics and products business from founder, Dr Philippa McCaffery, business partner Alarna Longes and multiple minority vendors.
Value: $127.4 million.
Area: Corporate markets.
Key players: The Bakers team was led by partner Arthur Apos, who was supported by Chris Taylor, Sam Mossman, Toby Patten, Sabrina Chan, Emilie Fary, Chuong Nguyen, Ellen Adianto and Sinan Alnajjar.
Deal significance: Speaking about the deal, Mr Apos said: “The acquisition represents a growth and diversification opportunity for API and complements their existing customer footprint and retail expertise”.
“The acquisition structure facilitates the continued involvement of the founders to assist API with the integration and continued growth and development of the business,” he said.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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