The HydraFacial Company went public via a SPAC merger with Vesper Healthcare Acquisition in a $1.1bn deal.

The HydraFacial Company, a category-creating beauty health company, went public via a SPAC merger with Vesper Healthcare Acquisition, a special purposes acquisition company, in a $1.1bn deal. HydraFacial’s private equity owners, Linden Capital Partners and DW Healthcare Partners, retained a combined 25% stake in the business following the merger. “HydraFacial is an impressive category-creating product in an attractive and growing market and provides the perfect platform to achieve our goal of building a premier company in beauty health. We anticipate more opportunities ahead and are excited about the potential to create a valuable, industry-leading, global company in beauty health,” Brent Saunders, Vesper Healthcare CEO and Co-Founder.