h ot to pi c s
Behind the
headlines Beauty chain acquires rival in $52m deal Listed cosmetic injections and skincare group Silk Laser Clinics has announced its acquisition of Australian Skin Clinics and the Cosmetic Clinic in New Zealand, according to a media report. The acquisition, worth $52 million, will increase Silk Laser’s outlets from 61 to 117, of which 14 are located in New Zealand. The company estimates there will be up to $500,000 in synergy savings and limited cross-over in locations. The Australian Competition and Consumer Commission will not conduct a public review into the
acquisition, reportedly indicating it has no concerns over reduced competition in the industry.
Real estate portal acquires mortgage chain Listed online real estate advertising company, REA Group, has acquired franchised mortgage broker Mortgage Choice in a deal worth $244 million, according to a media report. Mortgage Choice now joins REA-owned franchised broking business Smartline, effectively making REA Australia’s fourth largest mortgage broker with a 6.5 per cent
70 Business Franchise Australia and New Zealand
market share after the acquisition. In addition, REA has invested $15 million for a 34 per cent share in mortgage processing software company, Simpology. The software is designed to expedite the processing of mortgage applications which, due to an influx of loan applications, has been taking lenders up to eight weeks to approve.
Australian Domino’s operator enters 10th foreign market Australia’s largest pizza chain Domino’s Pizza Enterprises (DPE) has entered a 10th international market through its $79 million acquisition of Domino’s Taiwan, according to a company statement.
