HydraFacial is merging with Vesper Healthcare Acquisition Corp. in a deal valued at $1.1 billion to enhance its global presence in the beauty health market.

Information on the Target

The HydraFacial Company is a pioneering beauty health organization based in Long Beach, California, specializing in innovative skin treatment solutions. Established 23 years ago, HydraFacial developed a unique system that delivers a comprehensive, non-invasive facial experience in just 30 minutes, providing immediate results akin to medical treatments. Their signature treatment employs a patented hydradermabrasion technology that cleanses, extracts, and hydrates the skin, allowing customization to meet individual needs with various booster serums.

Since acquiring HydraFacial in December 2016, private equity firms Linden Capital Partners and DW Healthcare Partners have overseen impressive growth, with the company achieving compound annual revenue growth exceeding 50% through 2019. HydraFacial has cultivated a loyal community of estheticians and consumers, totaling over 15,000 delivery systems operational in 87 countries and achieving 3.2 million treatments performed globally in 2019.

Industry Overview in the Target's Specific Country

The beauty and skincare market in the United States has experienced robust growth, spurred by favorable demographic trends and an increasing consumer shift towards health and wellness. As consumers become more educated about skincare