Seller Highlights

• SBC is the largest and fastest growing dermatology group in northern Los Angeles, California
• The Company offers full-service cosmetic, medical and surgical dermatology services
  SBC owns and manages five clinics and an in-house dermatopathology lab
• The Company is comprised of seven physicians, three physician assistants and two estheticians
• The Company experienced year-over-year revenue and EBITDA growth for each of the three years prior to the transaction

Transaction Overview

• Overview: On March 6, 2017 Gemini Investors announced the recapitalization of Skin and Beauty Center, Inc. (SBC) based in Burbank, California
• Purchase Price: Private
• LTM EV/EBITDA Multiple: Private
• Advisors to Target:
  • Financial: Edgemont Capital Partners (Edgemont)
  • Legal: Nelson Hardiman

Key Takeaways

• Edgemont acted as exclusive financial advisor to SBC
  • Retained: March 28, 2016
  • Entered into LOI: December 15, 2016
  • LOI to close: 81 days
• Edgemont ran a broad, competitive process that optimally positioned the Company to extract maximum value for its shareholders
  • Significant interest from both private equity investors as well as strategic acquirers
• Gemini Investors has plans to rapidly expand the business both organically and through acquisitions