Allen & Overy Advise During HIG European Capital Partners’ Acquisition of Centros Unico
H.I.G. European Capital Partners, the European arm of global private equity firm H.I.G. Capital, announced the acquisition of Centros Único, a leading European provider of permanent hair removal and medical aesthetic services.
Founded in Spain, Centros Único is the market leader in the high quality hair removal sector offering superior diode laser technology, the most effective and lasting existing technology. Additionally, Centros Unico is a pioneer in providing medical aesthetic services, offering a wide range of non-invasive beauty treatments at very competitive prices. Centros Unico has provided its treatments to more than 300.000 customers and has a presence in Spain, Portugal, the United Kingdom, Italy, Germany Switzerland and Mexico with 156 centers, most of them located in the Iberian Peninsula.
Centros Único was founded in 2011 by Azucena Rubio and Jorge Cabrero, who will remain as equity partners and will still be actively involved in the company´s day to day management. This association will allow Centros Unico to benefit from the operational, financial and strategic know-how of H.I.G. throughout its international expansion process and the development of the aesthetic medicine strategy.
H.I.G. has prior experience in the aesthetic sector, having completed a highly successful investment in Ideal Image, a leading laser center chain in the US. Additionally, H.I.G. has a wide network of offices, including countries where Centros Unico has a presence, and hence will be able to locally support its expansion plans.
