BB Capital-backed skin care clinic Cosmetique Totale strengthens in the European market with financing from Kartesia
The Netherlands-based skin care clinic Cosmetique Totale (“the Company”) has secured financing to support its ambition of becoming a European market leader in the field of cosmetic treatments. Private equity investor BB Capital Investments, which holds a majority stake in the skin care clinic, is joining forces with Kartesia, a leading European provider of credit and capital solutions, to provide the necessary growth financing.
BB Capital Investments, based in The Hague, took a majority interest in Cosmetique Totale in 2020. In the past two years, through strategic acquisitions, the number of treatment locations has doubled from 200 to 400, including with the acquisition of the Belgian market leader Laserontharing.be, its first international acquisition since being founded in 2004. The clinic's therapists treat clients to reduce, solve or prevent skin problems by applying therapy and laser treatments.
The financial support and market expertise of BB Capital and Kartesia will enable the Company’s ambition to develop as a market leader in Europe. The parties are actively involved in supporting the group in its ambitious goal to become the European market leader in cosmetic treatments within five years. The growth strategy is focused on buy-and-build acquisitions in Western and Northern Europe, with a focus on independent skin clinics and chains.
Susan van Koeveringe, Managing Director, BB Capital Investments: 'We are pleased to announce that, in partnership with Kartesia, we will be able to guide and support Cosmetique Totale to further develop the quality and expertise of the treatment it has shown in the Netherlands into other parts of Europe.'
Ruben Moen, Associate Director, Kartesia: 'We are proud to support BB Capital and the management team of Cosmetique Totale in this next chapter. We are confident that our financing solution will provide the group with the resources and flexibility it needs to execute on its ambitious growth strategy.”
Fabian Otto, director-founder of Cosmetique Totale: 'We are highly motivated and proud that we have received the trust and support from BB Capital and Kartesia to bring the high-quality knowledge and expertise of Cosmetique Totale to a larger part of the European market. It is our ambition to make skin care and laser therapy available to everyone in Europe.'