KKR’s Laser Clinics buys dozens of unhappy franchisee operations
The private equity juggernaut has bought out dozens of clinics in an attempt to unite the network after two years of unrest and claims that systemic price gouging is pushing some to the wall.
KKR has bought out dozens of hair removal and injectables clinics that have been trying to leave the franchise network for two years amid claims of gouging, systemic price discounting and lack of support.
It comes as the private equity giant marks five years ownership of Laser Clinics Australia (LCA). Three to five years is a typical holding period before private equity flips an asset.
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Adele Ferguson is a Gold Walkley Award winning investigative journalist. She reports and comments on companies, markets and the economy. Connect with Adele on Twitter. Email Adele at adele.ferguson@theage.com.au
