M&A Deal Summary

Steiner Leisure Acquires Cortiva Group

On November 7, 2011, Steiner Leisure acquired education company Cortiva Group

Acquisition Highlights
  • This is Steiner Leisure’s 1st transaction in the Education sector.
  • This is Steiner Leisure’s 4th transaction in the United States.
  • This is Steiner Leisure’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2011-11-07
Target Cortiva Group
Sector Education
Buyer(s) Steiner Leisure
Deal Type Add-on Acquisition

Target

Cortiva Group

Hoboken, New Jersey, United States
Cortiva Group, Inc. is an operator of even post-secondary massage therapy schools with a total of 12 campuses located in Arizona, Florida, Illinois, Massachusetts, New Jersey, Pennsylvania, and Washington.

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Buyer(S) 1

Buyer

Steiner Leisure

Nassau, Bahamas
Category Company
Founded 1934
Sector Consumer Products
Employees7,318
Revenue 863M USD (2014)
DESCRIPTION

Steiner Leisure provides beauty, wellness, and education products and services. Steiner Leisure was founded in 1934 and is based in Nassau, Bahamas.

DEAL STATS #
Overall 4 of 5
Sector (Education) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (New Jersey) 1 of 1
Country (United States) 4 of 4
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Ideal Image Development

Tucson, Arizona, United States

Ideal Image Development, Inc. is a provider of laser hair removal services.

Buy $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 OneSpaWorld

Nassau, Bahamas

OneSpaWorld operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services. OneSpaWorld is based in Nassau, Bahamas.

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