Login
Laser clinic divestment goes ahead
Australian law firm Maddocks has advised on the sale of Australian Skin Clinics to Silk Laser Australia Ltd.
Emma Musgrave
Firms: Maddocks (Hair and Beauty Group); undisclosed (Silk Laser Australia Ltd).
Value: $52 million.
Area: M&A.
Key players: The legal team advising Hair & Beauty Group was led by Maddocks corporate partner Greg Hipwell, with assistance from senior associate Elizabeth Lilley and lawyer Alisha Shamim.
Deal significance: As per a statement provided by Maddocks, the acquisition will see Australian Skin Clinic’s 56 outlets in Australia and New Zealand added to the Silk Laser Clinics stable.
“We have acted for the founder families of the Hair and Beauty Group for many years and it was very satisfying to assist them and their co-investors on a successful exit from Australian Skin Clinics,” lead partner Mr Hipwell said.
“Maddocks advised the shareholders of the Hair and Beauty Group when they purchased Australian Skin Clinics from the original owner and merged it with the Ella Rouge network in 2017. At the time, the entry into the skin care and cosmeceuticals industry was a significant departure from the traditional hair and beauty business of Hairhouse and it has proved very rewarding.
“The sale positions Silk Laser Australia Ltd as one of the largest operators in the industry in Australia and New Zealand.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
Email Emma on:
