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Back to beauty: Former Allergan chief Saunders scoops up aesthetics company in $1.1B deal

Dec 09, 2020 - FiercePharma
Mergers and Acquisitions

In a return to the beauty business, former Allergan CEO Brent Saunders sealed a $1.1 billion deal for a hot and trendy facial aesthetics company, HydraFacial. Saunders' co-founded and newly public company Vesper Healthcare expects to wrap up the deal in mid-2021—and it's likely to be the first in a series of buyouts for the seasoned M&A hand.

In a return to the beauty business, former Allergan CEO Brent Saunders sealed a $1.1 billion deal for a hot and trendy med spa facial company.

Saunders co-founded—and recently took public—Vesper Healthcare Acquisition, which is nowsnapping upHydraFacial with an expected close by mid-2021. The company is built on its proprietary and eponymous facial, a celeb-endorsed and popular beauty treatment described as a gentler alternative to microdermabrasio...