JH Partners acquired a majority of Kate Sommerville Holdings, which holds the rights to the skin care line founded by industry veteran Kate Somerville. Somerville set up Health Experts medi-skin clinic in 2004 in California, and subsequently established a skin care line in the fall of last year.
Containing a full spectrum of products, the skin care line is sold through the clinic, high-end retailers, spa outlets, direct marketing television channels and the Kate Sommerville website.
Kate Somerville's investment banking team, including Robert T. Smith, initiated the transaction, assisted in the negotiations and served as exclusive financial advisor to Kate Sommerville Holdings.
About Kate Somerville Skin Health Experts
Kate Somerville Skin Health Experts is dedicated to offering clients real solutions to skin concerns through comprehensive, result-driven products and services. With an emphasis on clinical skincare and advanced technologies, Kate Somerville has garnered a devoted celebrity following and has been widely featured in the media. Kate Somerville products can be purchased through the internet, luxury spas, direct-response television, prestige retail locations, as well as at the flagship Kate Somerville clinic on Melrose Place in West Hollywood.