Firms: King & Wood Mallesons (The Growth Fund); Gilbert + Tobin (KKR)
Deal: KKR acquired Laser Clinics Australia from The Growth Fund.
Value: $650 million
Key players: The King & Wood Mallesons team advising The Growth Fund was led by partner Mark McNamara (pictured) and included partners Liz Hundt-Russell, Paul Schroder and Tim Sherman, senior associates Anthony Boogert and Joe Power and solicitors Dan Flanagan and Ashley Tao.
Deal significance: Laser Clinics Australia is the leading provider of non-invasive aesthetic treatments in Australia, according to a statement from King & Wood Mallesons.
The business has over 80 clinics around the country, offering laser hair removal, cosmetic injections and skin treatments.
KKR acquired Laser Clinics Australia through a competitive auction process, which began earlier this year.
“We were delighted to be engaged by the owners of LCA to advise on the sale process and for them to have achieved such a positive outcome,” said KWM lead partner Mark McNamara.
“We look forward to seeing KKR and The Growth Fund, which will maintain a minority stake, assist LCA’s management and franchise network in growing the group through continued expansion of the clinic network, the introduction of new product and service offerings and international expansion.”
Pictured: KWM partner Mark McNamara