M&A

CI Capital Sells Epiphany Dermatology

By Armie Margaret Lee

Published: February 3rd, 2022

The Deal reported in October that the PE firm was exploring a sale of the Austin, Texas-based dermatology company.

CI Capital Partners LLC has sold Epiphany Dermatology PA to Leonard Green & Partners LP. Terms were not disclosed in the Tuesday, Feb. 1, announcement.

The Deal reported in October that CI was exploring a sale of the dermatology company and that Lincoln International LLC was running the process for the company.

Sources said at the time Epiphany had Ebitda of about $25 million to $30 million and could fetch a multiple in the mid-teens.

Austin, Texas-based Epiphany, in which CI invested in 2016, is a provider of general dermatology, skin cancer care, Mohs surgery and cosmetic services. It has 67 locations in 12 states, including Arizona, Colorado, Georgia and Wyoming.

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s Edward T. Ackerman and Erika A. Detjen provided legal advice to Epiphany on its sale to Leonard Green.

More From M&A

M&A

Drinks With The Deal: King & Spalding's Townsend Talks Business Development

By David Marcus

Published: October 24th, 2024

Keith Townsend, an M&A partner at King & Spalding and co-head of its corporate practice, discusses how he developed business development skills as a young partner and how his firm thinks about its practice mix.

M&A

Drinks With The Deal: Katten's Solomon on Family Office Evolution, Texas Economics

By David Marcus

Published: October 10th, 2024

Katten's Mark Solomon discusses the evolution of family offices over the past generation and how the Dallas economy has changed since he started practicing law in the city in 1985.

M&A

Drinks With The Deal: Jones Day’s Lesnick on Reynolds Work, AI

By David Marcus

Published: September 12th, 2024

Randi Lesnick, co-chair of Jones Day's corporate practice, discusses key deals in her career and issues that AI raises both for law firms and for companies doing deals.

View All From M&A