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Stout Advises NakedMD on Growth Investment by Revelstoke Capital Partner

November 25, 2024

Stout Capital (“Stout”) announced today that its client, NKMD MGMT, LLC (“NAKEDMD” or the “Company”), has partnered with Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm that invests in healthcare services, healthcare technology, and health and wellness companies.

NAKEDMD, founded in 2022 and headquartered in Newport Beach, California, is a fast-growing, physician-led medical aesthetics company with a differentiated and branded service offering focused on quality of care and clinical compliance. The Company’s partner clinics operate 18 locations across two states and offer injectables, facials, and other aesthetic treatments that are expected to grow as patients continue to increase their adoption of aesthetic treatments and as new non-invasive technologies become more effective in treating the signs of aging.

Stout served as exclusive financial advisor to NAKEDMD in connection with this transaction.

“John Calcagnini, who led the team for Stout Capital, and his team know the medical aesthetics industry well, so they were able to communicate our industry growth opportunity and the competitive landscape effectively to prospective buyers in our process. They provided substantial resources and support during the sale process and essentially served as an extension of our management team,” said Justin Ha, Founder and CEO of NKMD MGMT, LLC.

Ha also said, “Revelstoke’s tenacity and knowledge of the medical aesthetics industry and success in building multi-site healthcare businesses with a focus on de novo expansion strategies emerged as key factors in the decision to select them as our partner.”

“We are excited to partner with Justin and the entire NAKEDMD team as we seek to build an industry leader in the medical aesthetics space with a strong commitment to clinical quality, safety, and patient experience. We believe the NAKEDMD model is differentiated and well-positioned to thrive as the medical aesthetics industry continues to grow,” said Will Oliver, Principal at Revelstoke.

Calcagnini commented, “Justin has assembled a talented team of professionals that have built an incredible brand, de novo strategy, service offering, training academy, and vision for the future of medical aesthetics. We believe that the NAKEDMD business model will be a long-term winner.”

Stout’s Tyler Skarstein, Jake Kussin-Bordo, Michael Hodges, and Nick Melnick assisted in executing the transaction.

Sheppard Mullin served as legal counsel to NAKEDMD. Winston Strawn (M&A) and McGuireWoods (Regulatory) acted as legal counsel to Revelstoke.

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About NAKEDMD

Founded in 2022, NAKEDMD is a physician-led medical aesthetics business that operates 18 locations across two states and, through its partner clinics, offers services including fillers, toxins, and other aesthetics treatments. The Company is focused on delivering high-quality medical care to its loyal base of patients. Learn more about NAKEDMD.

About Revelstoke Capital Partners

Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare services, healthcare technology, and health and wellness sectors. Revelstoke partners with entrepreneurs and management teams to execute a disciplined organic and acquisition growth strategy as it strives to build exceptional companies. Revelstoke is based in Denver, Colorado, and has approximately $5.2 billion of assets under management. Since the firm’s inception in 2013, Revelstoke has completed 192 acquisitions, which include 28 platform companies and 164 add-on acquisitions. Learn more about Revelstoke Capital Partners.

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