Alaris Royalty commits up to $91 mln to Body Contour Centers
Canadian alternative equity firm Alaris Royalty Corp has invested US$46 million in Body Contour Centers LLC (BCC), a Kirkland, Washington-based plastic surgery practice with more than 50 locations across the United States. Alaris also committed to invest an additional US$45 million in BCC, subject to the new portfolio company achieving certain financial targets. The proceeds will be used by BCC to fund growth and provide partial liquidity to existing shareholders. Alaris also invested US$7 million more in Accscient LLC, an Atlanta, Georgia-based provider of information technology staffing, consulting and outsourcing services. Alaris first invested in the business last year.
17 September 2018•4 mins read
