Intrepid Advises Leading Aesthetic Treatment Provider OrangeTwist on Its Growth Capital Raise

Paul Gainer, former Disney executive, elevated to CEO post

Intrepid today announced that it served as the exclusive financial advisor to OrangeTwist, LLC (OrangeTwist) on its growth capital raise led by a consortium of private investors. Based in Long Beach, Calif., OrangeTwist is “your treatment shop for body, face and skin,” with luxury centers in high-quality retail locations across California, Washington, Texas, Nevada, and New Jersey. High-quality treatments offered include botox and fillers, coolsculpting, hydrafacials, microneedling, and skin and scalp care. In conjunction with the close of this capital raise, Paul Gainer, former Executive Vice President of Disney Retail and Stores Worldwide, has been promoted to Chief Executive Officer of OrangeTwist. Funds from the transaction will be used to execute on the company’s national expansion plans.orangetwist small

OrangeTwist was co-founded in 2015 by Clint Carnell, the CEO of BeautyHealth (NASDAQ: SKIN), formerly The HydraFacial Company (HydraFacial), and renowned plastic surgeon, Dr. Grant Stevens. It is the largest non-institutionally backed aesthetic treatment center chain in the United States. The company operates 15 centers offering service-based treatments, related beauty products, and the twistup branded annual memberships. In addition to standalone locations, OrangeTwist has established a store-within-a-store (SWS) concept with Sephora, successfully launching its first SWS in Sephora’s The Grove Los Angeles location in November 2019.

Clint Carnell, who recently shepherded the merger of HydraFacial with Vesper Healthcare Acquisition Corp. to create the $2.5 billion market cap publicly traded BeautyHealth, participated in the transaction and remains the company’s Chairman. Mr. Carnell commented: “We are thrilled to close this round of funding to provide Paul and the team the opportunity to continue their trajectory of extraordinary growth. I want to thank our key stakeholders – I’m honored that these fellow CEOs and thought leaders continue to support our mission to be the preeminent brand in the aesthetic, health and wellness space.”

OrangeTwist has established a significant footprint on the West Coast and a reputation as a premium provider of treatment services. With this new capital raise, the company is now positioned to build on its brand to become a true national platform.

Mr. Gainer shared, “This is an exciting time for OrangeTwist as our team looks to ramp up its newly opened and acquired locations, as we prepare to secure institutional funding for significant expansion ahead in 2022 and beyond. We’re proud of the tremendous brand momentum we’ve built and are thrilled to see explosive growth across the board through the first half of 2021. Our focus remains on becoming a leading player in providing aesthetic treatments, and I cannot thank the Intrepid team enough for being a strategic partner through this process.”

“OrangeTwist has quickly emerged as one of the leading brands in the med-spa market nationally. The company has recruited a top-tier management team, and it is well-positioned to capitalize on trends driving consumers to experiential retail and wellness. We look forward to working alongside Paul, Clint, and their team as they continue to achieve impressive growth,” said Jonathan Zucker, Managing Director and Head of Capital Markets Group at Intrepid.

Deal Team Contacts

Jonathan Zucker, Managing Director

Michael Garcia, Managing Director

Joseph Wisniewski, Associate

Media Contact

Andreea Popa, Director, Marketing & Communications

About Intrepid’s Capital Markets Group

For more than 35 years, our principals have advised clients in capital transactions, leveraging their institutional investor relationships and expertise in managing competitive processes. Our team is committed to helping clients meet their capital needs through various structures that include equity, senior, structured and mezzanine debt.

About Intrepid’s Beauty & Personal Care Practice

Intrepid provides dedicated merger and acquisition advisory and capital raising services to the Beauty & Personal Care industry. By focusing exclusively on beauty care companies, our industry bankers have a deep understanding of trends and value drivers across the sector and maintain ongoing dialogue with the acquirer and investor universe. Our Beauty & Personal Care practice has a proven track record of helping clients sell to global strategic acquirers and value-added private equity groups across the beauty and personal care landscape.