SkinSpirit Holdings LLC
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SkinSpirit Holdings LLC - overview
Established
2003
Location
Seattle, WA, US
Primary Industry
Healthcare
About
SkinSpirit Holdings LLC, based in the US, specializes in cosmetic and aesthetic treatments, focusing on non-surgical procedures to enhance skin health and appearance. Founded in 2003, SkinSpirit Holdings LLC provides non-surgical cosmetic treatments. The company operates from its headquarters in Seattle, US, and is led by CEO Lynn Heublein. The firm has closed 2 deals, with the most recent deal occurring on October 19, 2022, when KKR acquired a minority stake from GreyLion Partners.
SkinSpirit specializes in cosmetic and aesthetic treatments, with a primary focus on non-surgical procedures such as Botox, Dysport, dermal fillers, microneedling, and laser hair removal. These services address common skin aging concerns, catering to a diverse clientele. The company employs highly-trained medical professionals to ensure effective treatment delivery across over 50 locations nationwide, including major metropolitan areas like Salt Lake City and Green Lake. Additionally, SkinSpirit offers medical-grade skincare products and various facial services tailored to individual client needs.
SkinSpirit generates revenue primarily through its direct-to-consumer model, where clients pay for individual treatments and products at its wellness clinics. Clients typically schedule consultations to discuss their aesthetic goals and select specific services priced individually. The company also runs a referral program incentivizing existing clients to recommend new customers, which enhances customer acquisition and retention. Although specific pricing details are not disclosed, the straightforward transaction process contributes to the company's overall revenue stream through repeat business and loyalty programs.
Following the October 2022 investment from KKR, SkinSpirit plans to utilize the additional resources to enhance its workforce and execute its growth strategy. The company aims to expand its product offerings, although details on new products are not specified. Additionally, SkinSpirit is set to target new geographical markets for expansion, although specific regions and timelines have not been disclosed. The investment will support initiatives designed to improve operational efficiency and enrich client experiences.
Current Investors
KKR, GreyLion
Primary Industry
Healthcare
Sub Industries
Consumer Services, Aesthetic Medicine, Dermatology, Biomaterials
Website
www.skinspirit.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
SkinSpirit Holdings LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | SkinSpirit Holdings LLC | - | ||||||||
| Secondary Buyout | Completed | SkinSpirit Holdings LLC | - |
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