Alaris Equity Partners, in partnership with Brookfield Special Investments, has raised $546 million in equity and $180 million in debt for Sono Bello
Sono Bello
Founded in 2008 and headquartered in Kirkland, Washington, Sono Bello is a national leader in private plastic surgery practice throughout the United States. Sono Bello combines a consistent patient experience with the art of treating each patient as an individual with unique plastic surgery needs. Sono Bello has a focused service offering that primarily focuses on “minimally invasive procedures” such as laser-assisted body contouring (liposuction), mini tummy tucks and other procedures. Sono Bello’s nationwide team of board-certified surgeons conduct these procedures, and every surgical center is certified by Accreditation Association for Ambulatory Health Care, the highest-level certification for plastic surgery. Sono Bello targets the “everyday woman and man” with its service offerings and price points.
The Deal
Having initially invested in Sono Bello in 2018, Alaris Equity Partners aimed to raise third-party capital to increase its stake in the company, while providing partial liquidity to management and supporting the company’s continued growth plans. Through a strategic process to identify an additional equity partner, Alaris partnered with Brookfield Special Investments to acquire a minority stake in Sono Bello.
The transaction enables Alaris to remain invested in a high-performing asset, while establishing a partnership with Brookfield, a leading global asset manager, and confirming the quality of Alaris proprietary deal flow and portfolio of partners. Together, the partnership between Alaris and Brookfield contributes meaningful expertise and capital support to Sono Bello as the company continues to expand its business across North America.
Our Perspective
Dan Posternak, Managing Director and co-head of Lincoln’s Private Funds Advisory Group, commented, “In a challenging capital raising environment, Alaris secured a fully aligned and strategic partner in Brookfield Special Investments. Our work with Alaris brought forward several areas of expertise within Lincoln to ensure their strategic objectives were fully realized while tactfully navigating the complexities of this landmark transaction, and we look forward to closely following the continued success of Sono Bello as the company moves forward with support from both Alaris and Brookfield.”
Alaris Equity Partners
Alaris is a long-term capital partner to high-quality, founder-owned businesses in North America through non-control, preferred and common equity investments. Alaris’ business model is centered around forging long-term relationships with best-in-class management teams, yielding proprietary deal flow and the ability to facilitate growth as longstanding capital partners to portfolio companies.
From the onset of this transaction, the entire Lincoln team provided strategic guidance critical to achieving a successful result. They understood the challenges and complexities of this particular transaction and strategically steered us towards a positive outcome for our firm, our partners and the Sono Bello management team.
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