Smooth skin, meet stain-free teeth.
After filing for bankruptcy protection last month, an Alpharetta-based spa chain that provides laser hair removal and Botox services reached a deal to sell itself for $25 million. The buyer is the operator of a chain of teeth-whitening clinics.
In the deal, BSML Inc. acquired Pure Laser Hair Removal & Treatment Clinics Inc. for $25 million. The deal was approved on Feb. 17 by U.S. Bankruptcy Court Judge C. Ray Mullins. The BSML deal was also approved in favor of a competing offer made by a rival laser-hair firm.
The lawyers advising the seller were Scroggins & Williamson partners Rob Williamson and Hayden Kepner and associate Ashley Ray. Durham Jones & Pinegar of Salt Lake City, Utah advised BSML. Parker, Hudson, Rainer & Dobbs partner Eric Anderson represented Pure Laser Hair’s senior secured creditor, AlterInvest Fund LP. Epstein Becker & Green associate Sharon Lewonski and senior counsel Annette Kerlin McBrayer advised American Laser Centers LLC, which made the failed competing offer to acquire Pure Laser Hair’s assets.
Pure Laser Hair operates the Pure Med Spa chain, which has locations in Chicago, Las Vegas, Los Angeles and other cities. BSML, of Boca Raton, Fla., runs BriteSmile Professional Teeth Whitening Centers, which has a location at Phipps Plaza in Buckhead.