We represented Pharos Capital Group, a private equity firm based in Dallas and Nashville, in its new dermatology platform investment, Maryland-based Dermatology and MedSpa, Inc., as well as its first add-on acquisition, Sona MedSpa. Sona is a leading North Carolina-based provider of cosmetic dermatology and medspa services throughout locations in several states. The terms of the transaction were not disclosed.
Based in Dallas and Nashville, Pharos Capital Group is a long-term, value-focused investor with approximately $800 million in assets under management. Pharos invests $25 million to $50 million for primarily majority positions in rapidly growing middle market companies seeking later stage funding for internal growth, acquisitions, leveraged buyouts, management buyouts, or recapitalizations across the healthcare services sector.