Not under the knife
In January 2006 Graphite led the management buy-in/buy-out of sk:n, the UK’s leading chain of non-surgical skin treatment clinics.
sk:n is a nationwide chain of clinics offering a range of non-surgical skin and cosmetic treatments including laser-based treatments for hair removal and skin rejuvenation. The company operates in a fragmented market, which is growing strongly. sk:n has a highly professional and clinical approach which allows it to comply with the increasing regulation in the cosmetic treatment industry.
Graphite introduced an experienced buy-in management team at the outset of the transaction to enable the business to pursue rapid growth.
sk:n is pursuing a rollout strategy and, since Graphite’s investment, has grown from 17 clinics to 36 through a combination of new site openings and acquisitions.
Substantial investment has been made in strengthening the brand as well as in developing and professionalising the operational model, including sk:n’s customer acquisition and retention strategies.
A new range of own-label skin care products has been launched, available within sk:n’s own clinics and distributed in over 100 Boots pharmacies nationwide.
