MINNEAPOLIS, MN, November 1, 2023 – Northborne Partners is pleased to announce it served as the exclusive financial advisor to The Center for Cosmetic Surgery (“CCS”) and its affiliate, Rejuvenate (collectively the “Company”) on its partnership with Latticework Capital Management (“Latticework”). The transaction closed on October 17, 2023; financial terms were not disclosed.
The Center for Cosmetic Surgery is a leading cosmetic surgery practice in Colorado. The Company’s comprehensive offerings include highly complementary non-surgical MedSpa services through its affiliate, Rejuvenate, enabling the Company to meet the full range of patients’ cosmetic needs. CCS and Rejuvenate have built strong brands by consistently delivering a premium patient experience and exceptional results. The Company’s footprint includes four locations today, with a fifth location opening soon.
CCS partnered with Latticework, a leading healthcare-focused private equity firm based in Dallas, TX. Latticework has recently partnered with other aesthetic plastic surgery providers with strong local / regional brands and footprints and is actively focused on building out a national platform in the space.
"We are excited to partner with such an exceptional organization as Latticework,” said Dr. Andrew Wolfe, who established CCS in 2001. “We share a common vision of expanding our cosmetic service offering across the country, and believe we are well-positioned to do so with their support.”
“We are thrilled about this next chapter of growth and the opportunities going forward for the Company,” added Dr. Steven Vath, CCS surgeon. Regarding Northborne’s involvement, Dr. Vath commented, “The Northborne team’s M&A experience, expert advice and guidance at all steps of the process were instrumental in helping us navigate the transaction and achieve an excellent outcome.”
Ken Higgins, Managing Director at Northborne, commented “the CCS team has built a differentiated, leading cosmetic surgery brand through an unparalleled commitment to providing patients with a best-in-class experience and results. We are honored to have represented CCS on this transaction and are excited to see their next phase of growth with Latticework.”
Berg Hill Greenleaf & Ruscitti and Baker Tax Law served as legal counsel to CCS. Hogan Lovells served as legal counsel to Latticework.
About Northborne Partners
Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the food & consumer, healthcare, industrials and business services sectors. It specializes in advising private-equity-owned and closely held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit https://northborne.com/.
About The Center for Cosmetic Surgery
CCS is a leading cosmetic surgery practice in Colorado, offering a full suite of surgical procedures as well as non-surgical MedSpa services through its affiliate, Rejuvenate. The Company’s comprehensive offerings allow it to meet the full range of patients’ cosmetic needs. CCS and Rejuvenate have built strong brands by consistently delivering premium patient experience and exceptional results. The Company’s footprint includes four locations today, with a fifth location opening soon, and serves patients from across the state of Colorado and beyond. For more information, please visit https://www.thecenterforcosmeticsurgery.net/.
About Latticework Capital Management
Headquartered in Dallas, TX Latticework is a growth oriented private equity firm focused exclusively on making control equity investments in the healthcare industry. Latticework has completed more than 100 transactions across a diverse array of healthcare subsectors and currently has more than $400 million in assets under management. Latticework leverages its more than 100 combined years of healthcare and investing experience, as well as its network of industry executives, to help companies grow and realize their full long-term value.
CCS is Latticework's fourth partnership in the aesthetic plastic surgery industry as a part of a broader strategy to provide patients with unparalleled cosmetic results and first-in-class patient experience while focusing on patient safety. Latticework's aesthetic plastic surgery presence now spans six states with four core brands and over 20 board-certified plastic surgeons. Since platform inception, Latticework has partnered with Athenix Advanced Plastic Surgery & Aesthetic Centers, Marina Plastic Surgery, The Aesthetic Center for Plastic Surgery, and The Center for Cosmetic Surgery. The platform holding company is currently undergoing a rebranding initiative. For more information, please visit www.latticeworkcapital.com.
Website includes transactions completed by Northborne professionals at prior firms.