The Beauty Tech Group went public
Context
Highlighting the partial divestiture of existing shareholders including eComplete and Simon Cooper alongside founders Laurence Newman and Andrew Showman, the initial public offering of The Beauty Tech Group plc marks its official debut on the London Stock Exchange. Completed in October 2025, the equity flotation priced at 271p per ordinary share, establishing the transaction at the midpoint of the initial indicative marketing range of 251p to 291p. The capital transaction raised approximately £29 million in fresh primary capital through the issuance of 10.7 million new shares to finance future corporate development. Concurrently, existing investment partners divested 28.6 million secondary shares, resulting in an aggregate transaction offer size of £106.5 million and placing approximately 35.5 percent of the issued share capital into the public float. Following the listing, the equity holdings retained by chief executive officer Laurence Newman and chief technology officer Andrew Showman stood at £23 million and £25 million, respectively. Commercial momentum continued into the first half of 2025, during which sales grew by 27 percent to £55.2 million. The strategic rationale articulated by Laurence Newman centers on leveraging public capital market access to accelerate international commercialization within the global at-home beauty technology sector, an addressable niche estimated by the company at £9 billion to £12 billion within the wider £464 billion cosmetic industry. The newly injected capital supports proprietary device engineering, expanded international clinical trials, and multiple product launches. In a subsequent corporate trading update delivered in July 2026, the executive board announced that commercial performance for the first half of the 2026 financial year materially outpaced the prior period, prompting an upward revision of full-year management guidance to project annual revenue of no less than £170 million and adjusted EBITDA reaching a minimum of £45 million.
The acquisition of The Beauty Tech Group is part of the growth strategy of Public Markets, which already has several external growth operations under its belt, notably GRK Infra in 2025.
The Beauty Tech Group, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.
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Target
Founded in 2009 in Cheshire by Laurence Newman and Andrew Showman, The Beauty Tech Group plc develops and commercializes specialized at-home beauty devices. Originally established under the corporate identity CurrentBody.com to distribute third-party equipment, the enterprise executed a structural transition in 2019 to focus exclusively on proprietary hardware lines. The operational portfolio is organized around three primary commercial brands: CurrentBody Skin, ZIIP Beauty, and Tria Laser. Product engineering focuses on non-invasive aesthetic treatments, deploying specialized clinical technologies including light-emitting diode (LED) arrays, radio frequency systems, targeted microcurrent modulators, and laser instruments. The resulting product range features therapeutic face masks, hair-growth stimulator helmets, and localized hair-removal gadgets endorsed by global figures such as Serena Williams and Kim Kardashian. Supported by continuous clinical research and laboratory evaluations, the organization directs an international distribution network delivering devices to end-consumers across more than 90 countries worldwide.
Ent. Value
£300–700M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (GBP)
Other operations with Public Markets (IPO)
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2026 | PUBLIC MARKETS (IPO) | TK ACCELIS | GERMANY | B2B Specialized Distribution |
| 10/2025 | PUBLIC MARKETS (IPO) | OTTOBOCK | GERMANY | Implants & Prosthetics |
| 04/2025 | PUBLIC MARKETS (IPO) | GRK INFRA | FINLAND | Infrastructure |
| 05/2016 | PUBLIC MARKETS (IPO) | BASIC-FIT | NETHERLANDS | Hospitality |
| 05/2016 | PUBLIC MARKETS (IPO) | MAISONS DU MONDE | FRANCE | Home & DIY |
| 02/2014 | PUBLIC MARKETS (IPO) | MANX TELECOM | UNITED KINGDOM | Operators |
| 07/2010 | PUBLIC MARKETS (IPO) | SMART TECHNOLOGIES | CANADA | IT Equipment |
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REFERENCES
Valuation range: EV £300–700M
Revenue range: £100–200M
EBITDA range: £25–50M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of The Beauty Tech Group by Public Markets (IPO) are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: the beauty tech group
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