M&A Deal Summary

Steiner Leisure Acquires Ideal Image Development

On November 1, 2011, Steiner Leisure acquired healthcare services company Ideal Image Development from H.I.G. Private Equity for 175M USD

Acquisition Highlights
  • This is Steiner Leisure’s 1st transaction in the Healthcare Services sector.
  • This is Steiner Leisure’s largest (disclosed) transaction.
  • This is Steiner Leisure’s 3rd transaction in the United States.
  • This is Steiner Leisure’s 1st transaction in Arizona.

M&A Deal Summary
Date 2011-11-01
Target Ideal Image Development
Sector Healthcare Services
Buyer(s) Steiner Leisure
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition
Deal Value 175M USD

Target

Ideal Image Development

Tucson, Arizona, United States
Ideal Image Development, Inc. is a provider of laser hair removal services.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 3 of 5
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Arizona) 1 of 1
Country (United States) 3 of 4
Year (2011) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-04 BlissWorld

Los Angeles, California, United States

BlissWorld is a global iconic skin wellness brand and purveyor of unapologetic happiness. BlissWorld was founded in 1996 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-07 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.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 30 of 175
Sector (Healthcare Services) 3 of 9
Type (Add-on Acquisition) 14 of 72
State (Arizona) 2 of 2
Country (United States) 30 of 120
Year (2011) 6 of 7
Size (of disclosed) 14 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-31 Telecorps Holdings

Burbank, California, United States

Telecorps Holdings is a provider of technology and services to the entertainment industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-10 Securus Technologies

Dallas, Texas, United States

Securus Technologies is a provider of specialized telecommunications products and services, including security-enhanced call processing, call validation and billing for the corrections communications marketplace. Securus Technologies was founded in 1986 and is based in Dallas, Texas.

Sell -
Mergr

Product

Company

Legal