SkinSpirit Announces Investment from KKR

Posted By Madilyn Moeller, Tuesday, October 25, 2022

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SkinSpirit (“SkinSpirit” or the “Company”), a leading provider of aesthetic skin and body care in the U.S., today announced that it has received a minority investment from KKR, a leading global investment firm. The investment will be used to help the Company further reinforce its position as a highly trusted brand in the medical spa category and will provide additional resources to support its people-first culture. CEO and co-founder Lynn Heublein, a credentialed and successful entrepreneur and pioneer in the medical spa industry, will continue to lead the Company, guiding brand expansion, vision, and culture.

SkinSpirit was founded in 2003 in Palo Alto, California and today is a leading provider of Botox Cosmetic and dermal fillers in the U.S., with 31 skin care clinics nationwide. SkinSpirit has more than tripled the number of clinics that it operates since 2018 and has more than doubled that number since 2020. The Company recently added clinics in Dallas, Denver, New York City’s Upper East Side and Washington D.C.’s Georgetown neighborhood, and plans to open more new locations in 2023.

“A shared growth mindset is at the heart of our Company,” said Heublein. “With KKR’s strong support, SkinSpirit will continue to grow with an eye toward offering best-in-class services to our clients across the country and providing our renowned teams with advanced learning and development, industry-wide leadership opportunities, and continuous improvement through unique initiatives such as our employee advisory boards.”

KKR is investing in SkinSpirit through its Health Care Strategic Growth Fund II, a fund dedicated to investing in high-growth health care-related companies to which KKR can be a unique strategic partner in helping reach scale.

“We see long-term opportunities for growth in medical aesthetics, a category that we have tracked closely for several years,” said Ali Satvat, Partner at KKR and Global Head of KKR Health Care Strategic Growth. “Lynn and her team have built a differentiated platform that has earned the respect of providers and clients across the country.”

“SkinSpirit is positioned to continue growing in this fragmented market,” added Johnny Kim, Director at KKR. “We look forward to collaborating closely with Lynn and her talented team as they continue to scale the Company and its various offerings.”

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