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WellBiz Brands Acquires Amazing Lash Studio Franchise Brand
Friday 14 September 2018

14 September 2018 - US-based health and wellness franchise portfolio company WellBiz Brands, Inc has acquired the Amazing Lash Studio franchise brand, the company said.

Terms were not disclosed. Golub Capital said it provided a USD 75m facility for the acquisition.

Amazing Lash Studio, the provider of affordable eyelash extensions, was founded in 2010 and operates over 200 franchise locations in 33 states.

Amazing Lash Studios are retail salons that apply semi-permanent eyelash extensions with a proprietary, patented process to the client's own lashes, replicating the curve and size of natural lashes.

The acquired company, based in Scottsdale, Arizona, will be led by chief executive officer Heather Elrod. Elrod joined Amazing Lash Studio as chief operations officer in June 2016 and brings 25 years of beauty and franchise experience to the WellBiz Brands' leadership team.

WellBiz Brands, which is in the health and wellness industry, has a shared services platform and infrastructure.

The company is the manager of four health, wellness and beauty franchise brands: Amazing Lash Studio, Elements Massage, FIT36 and Fitness Together.

Headquartered in Englewood, Colorado, WellBiz Brands, has over 600 combined US locations across the four brands. Through the WellBiz Brands support staff, the brands strive to uphold these core values: fun, ownership, respect, passion, and integrity.

Piper Jaffray served as financial advisor to WellBiz Brands on the transaction. As part of the acquisition, Golub Capital provided WellBiz Brands financing through a new credit facility to fund both this transaction and future growth.
Date Published: 14/09/2018
Target: Amazing Lash Studio
Country: USA
Deal Size: 75m (USD)
Sector: Business and Consumer Services
Type: LBO
Financing: Cash
Status: Closed
Buyer: WellBiz Brands