Sixth Street, a global investment firm, and Wildcat Capital Management have both made strategic growth equity investments in Milan Laser Hair Removal.
Founded in 2012 by Shikhar Saxena and Abe Schumacher in Papillon, Neb., Milan Laser offers laser hair removal services and has more than 250 clinics in 29 states. The investment aims to support clinic expansion, marketing and business development. Existing investor, Leonard Green & Partners LP, along with the co-founders, will retain a majority interest in the company.
“We are particularly excited about Milan Laser’s compelling vision for the future as the company continues to expand into new markets and add new verticals to its offerings, and we look forward to partnering with management, LGP, and Wildcat to support the company’s future growth,” comments Kayvan Heravi, managing director at Sixth Street.
North Point is serving as financial advisor, and Latham & Watkins LLP is serving as legal counsel to LGP and the company. Wachtell, Lipton, Rosen & Katz is serving as legal counsel to the co-founders. Sixth Street was represented by Piper Sandler & Co., and legally advised by Cleary Gottlieb Steen & Hamilton LLP. Wildcat Capital Management was legally advised by Vinson & Elkins LLP.