Lazeo Welcomes Significant Investment from Blackstone
LONDON, UK and PARIS, FRANCE – July 6, 2023 – Lazeo, the number one provider of aesthetic medicine services in France, today announced that funds managed by Blackstone Tactical Opportunities (“Blackstone”), have agreed to make a significant investment in the Company. Financial terms of the transaction were not disclosed.
Headquartered in Paris, Lazeo is a founder-led, family-owned provider of non-invasive aesthetic medicine services including laser hair removal, injectables, body contouring, and medical-grade facials. Founded in 2010 by Dr. Bernard and Dimitri Sillam with a single location in Paris, Lazeo has grown to become the number one provider in France with 135 locations, five in Belgium and significant runway for further expansion in both existing and new markets. In 2023, Lazeo entered Germany with the acquisition of Munich-based Cleanskin.
This partnership with Blackstone will support Lazeo’s continued growth and help meaningfully scale its operations and ongoing expansion. Dimitri Sillam, Co-Founder and Chief Executive Officer, will continue to run day-to-day operations of the Company.
Dimitri Sillam, Co-Founder and CEO at Lazeo, said: “We are thrilled and honoured to partner with Blackstone for the next phase of our growth journey. Blackstone shares in our vision to make Lazeo into a European champion in aesthetic medicine, and we look forward to working together to build on our significant success to date.”
Raphael de Botton, Senior Managing Director at Blackstone, said: “Providing capital to a family-founded company is a hallmark of Blackstone Tactical Opportunities and we are delighted to partner with Bernard, Dimitri and the Lazeo team.
“Lazeo is a high-growth market leader with clear brand recognition in a sector with strong industry tailwinds and meaningful value-add opportunities. Together with the Sillam family, Blackstone will support Lazeo in capitalising on its leadership position in France, while expanding its operations in Europe.”
The transaction is subject to regulatory approvals and other customary closing conditions.
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Lazeo is the leading aesthetic medicine provider in France, with over 140 fully owned locations across France, Belgium, and Germany, and over 800 employees. Lazeo provides safe, non-invasive treatments at the forefront of innovation for maximum effectiveness and comfort, with treatments that are tailored to meet the needs and requirements of each client. Lazeo was founded in 2010 by Dr. Bernard Sillam and Dimitri Sillam.
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $991 billion in assets under management include investment vehicles focused on private equity, real estate, private and liquid credit, infrastructure, life sciences, growth equity, public securities and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.