Press Releases

Edgemont Capital Partners Advises Skin & Beauty Center, Inc. on Recapitalization

recapitalized by
March 2017

Investment by Gemini Investors positions leading provider of cosmetic, medical, and surgical dermatology services for further growth

NEW YORK and BURBANK, CA, May 31, 2017 – Edgemont Capital Partners, LP, a leading independent investment banking firm, today announced that it served as exclusive financial advisor to Skin & Beauty Center, Inc. (“SBC”) in its recapitalization by Gemini Investors.  Terms of the deal were not disclosed.

Founded in 2006 by Dr. Payam Saadat and Dr. Manjunath Vadmal, and headquartered in Burbank, California, Skin & Beauty Center (www.dermla.com) provides high quality medical, surgical and cosmetic dermatology services through five clinics, employing a skilled team of dermatologists, dermatopathologists, estheticians and dermatologic, cosmetic, Mohs and aesthetic surgeons.  The investment by Gemini Investors further cements SBC as the leading dermatology provider in the Los Angeles area, and provides support for an acceleration of the company’s expansion in Los Angeles and surrounding markets.

Luke J. Mitchell, Managing Director, and leader of Edgemont’s efforts with office-based physician services groups, led the Edgemont engagement team, along with associate Vitaliy Marchenko and analyst Taylor Grant.

Mr. Mitchell stated, “We are honored to have played a significant role in this transaction and we are confident this will be a very successful partnership between Doctor Saadat, Doctor Vadmal, and Gemini Investors.  The combination of the founders’ vision and passion for delivering excellent clinical care and patient satisfaction, and Gemini Investors’ long track record of supporting high growth companies with strong management teams, will result in one of the leading dermatology services platforms in the country.”

The recapitalization of SBC is Edgemont’s twelfth closed transaction on behalf of physician groups, clinics and practice management companies. The transaction closed on March 3, 2017.

About Skin and Beauty Center

Founded in 2006, Skin & Beauty Center is the largest full-service cosmetic, medical and surgical dermatology provider in Northern Los Angeles, California. More information can be found at www.dermla.com.

About Gemini Investors

Founded in 1993, Gemini Investors is a Massachusetts-based investor in lower middle market companies. Since its inception, it has invested over $550 million in companies throughout the U.S. The firm is currently investing Gemini Investors VI, L.P.

About Edgemont Capital Partners, L.P.

Edgemont Capital Partners, L.P. (www.edgemontcapital.com) is an independent investment banking firm founded in 2001 to provide the highest quality strategic advisory and capital raising services to healthcare companies.  The firm’s deep healthcare industry knowledge, extensive relationship network and substantial transaction expertise allow Edgemont to address healthcare companies’ strategic and financing needs with great success.  The firm’s principals have closed over 100 healthcare transactions, representing more than $30 billion in value.

For more information on Edgemont Capital Partners, L.P.’s efforts in office-based physician services contact Luke J. Mitchell at +1 (212) 867-5181.

Investment banking services are provided by Edgemont Capital Partners, L.P., a registered broker-dealer and member of FINRA and SIPC.