Beauty Tech was founded in 2009, and reported adjusted earnings before interest, tax, depreciation and amortisation of GBP22.9 million ($39.82 million) on revenue of GBP101.1 million last year, according to Bloomberg.
The company is known for at-home cosmetics tech with brands such as CurrentBody Skin, ZIIP Beauty and Tria Laser. Bloomberg said the offering would be expected to consist of new shares in order to give the firm a “debt-free position” and existing shares by holders.
Thakral Corporation has yet to receive any information on the valuation or potential valuation of The Beauty Tech Group, but notes the potential of a positive uplift to the group’s overall financial position arising from an increase in value of the group’s pre-IPO effective interest of 9.32%.
Shares in Thakral Corporation closed 2 cents lower or 1.307% down at $1.51 on Sept 8.
