Powered by

HydraFacial to go public via $1.1 bln deal with former Allergan CEO-backed SPAC

Dec 09, 2020 - Reuters UK
Mergers and Acquisitions

(Reuters) - A blank-check acquisition firm cofounded by the former chief executive officer of Allergan, Brent Saunders, will merge with beauty company HydraFacial in a deal valued at $1.1 billion including debt, the companies said on Wednesday.

HydraFacial’s merger with Saunder’s Vesper Healthcare Acquisition Corp will result in the Long Beach, California-based company listing on the Nasdaq.

The deal consists of $975 million payable upon completion and $75 million after certain...