THE WHAT? Ilooda, a South Korean medical aesthetic device maker, is expected to sell its management rights to US private equity company Bain Capital LP. Reportedly, negotiations for the deal are at an advanced stage, with Bain considering a tender offer to gain a controlling stake and potentially delist Ilooda from the junior Kosdaq bourse.
THE DETAILS? The acquisition is seen as a strategic move by Bain Capital to broaden the scope of Classys Inc., another medical aesthetic device manufacturer it purchased last year. This move falls within Bain’s long-term strategy to enhance its position in the global anti-ageing products market. It’s worth noting that Bain has a history of significant investments in the Korean cosmetic industry.
THE WHY? Bain’s interest in Ilooda lies in the firm’s promising performance and potential for growth. Established in 2006, Ilooda has seen substantial growth in revenue and operating profit by developing innovative laser and radiofrequency devices for anti-ageing. The acquisition would provide an opportunity for further expansion and enhanced valuation based on Ilooda’s positive market trajectory and Bain’s past success with similar investments.
Buying aesthetics supplies typically involves sourcing these items from licensed distributors, manufacturers, or specialized suppliers who cater specifically to the needs of aesthetic professionals. These supplies are integral to performing aesthetic treatments aimed at enhancing skin appearance, addressing various skin concerns, and improving overall beauty and wellness.
Examples of aesthetics supplies include:
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Dermal Fillers: Injectable substances used to add volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
