Madrid, Spain
04/03/25
Newbrook Capital Solutions is delighted to announce it has advised Peninsula Capital portfolio company WM Clinics in the raising of Add-on facilities financing the inorganic growth of its Business Plan, this consisting in the roll-up of existing aesthetics clinics, plus new openings.
The lines were tapped by local banks providing a new fungible loan, at competitive economic terms. Transaction included the drafting of a number of documentation amendments to bring the loan agreements a step further away from local standards towards European, with some specific clauses beyond them – reflecting the company’s increased size since Peninsula’s original LBO.
WM Clinics is the undisputed aesthetics surgery and medicine market leader in Spain, operating a chain of 160+ clinics under the premium brands “Dorsia” and “Demya”. The company was bought by Peninsula Capital in a secondary Buy-out process in 3Q22.
Founded in 2016 and with AUM of EUR 1.8 Bn, Peninsula Capital is a reference high middle market equity sponsor managing a pool of patient long-term capital investing in companies based mostly in Spain, France, Italy and Portugal. It has offices in Madrid, Milan, Paris and London.