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Founded Year



Acquired - II | Acquired

About ASC Group

ASC Group, Automotive Solutions Consulting Group, provides strategic technology consulting services for private schools, healthcare facilities, and businesses with remote workforces.On October 1st, 2021, ASC Group was acquired by All for One Steeb. The terms of the transaction were not disclosed.

ASC Group Headquarters Location

Auerstrasse 31

Heerbrugg, 9435,


+41 (0) 71 75 75 252

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Latest ASC Group News

SILK Laser (ASX: SLA) share price frozen on acquisition news

Jun 18, 2021

SILK Laser clinics set to expand to 117 with its latest acquisition… Mitchell Lawler is a site writer at The Motley Fool Australia. He holds a Bachelor of Engineering and previously worked in the consulting space while his interest in equities grew. Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. Latest posts by Mitchell Lawler ( see all ) The SILK Laser Australia Ltd (ASX: SLA) share price won’t be going anywhere today. The provider of non-surgical cosmetic treatments entered a trading halt prior to the market open. Since then, the company has unveiled an acquisition and associated capital raising. At the time of writing, SILK Laser shares are stuck at $4.53. Why is the SILK Laser share price frozen? According to the release, the company has entered a binding agreement to acquire 100% of Beauty Services Holdings Pty Ltd, LMD2 Pty Ltd, and their associated entities. Together these entities, known as ASC Group, operate Australian Skin Clinics in Australia and The Cosmetic Clinic in New Zealand. SILK has agreed to pay $47 million in upfront cash on a debt-free basis for the acquisition. Up to an additional $5 million in earn-out payments will be provided dependent on the opening of certain new clinics. ASC Group adds 56 clinics, taking SILK to 117 clinics under its banner. The clinics are comprised of 35 traditional franchise clinics, 4 corporate, and 3 joint venture clinics across five Australian states. Furthermore, 14 of the acquired clinics operate in New Zealand trading as The Cosmetic Clinic. Both Victoria and New Zealand will be new geographic entries for SILK. Commenting on the acquisition, SILK CEO and co-founder Martin Perelman said: The ASC Group acquisition is an exciting opportunity for SILK and delivers on our growth strategy. ASC Group is well aligned to our existing service offering and complements our existing network, whilst providing scaled entry into Victorian and New Zealand markets. SILK Laser noted that it expects network cash sales in the first full year of ownership to be $80 million, up from $72 million in FY20. The acquisition solidifies the Australian cosmetic company as the second largest non-surgical cosmetic provider in the country. How’s it being paid for? Of the $47 million upfront payment, $22.5 million will be covered by a new debt facility. Another $7.5 million will come straight out of the company’s piggybank. The remaining $20 million will be funded via a fully underwritten institutional placement at $4.30 a share. Additionally, the earn-out portion of the acquisition will be payable in SILK Laser shares, issued at a price of $4.38. What’s next? Based on the announcement, the acquisition is not subject to any approvals. The ACCC has confirmed it does not intend to review the proposed transaction. If all goes to plan, SILK Laser will complete its acquisition of ASC Group by the end of August this year. Lastly, the company reconfirmed its upgraded FY21 forecasts following strong momentum. Wondering where you should invest $1,000 right now? When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more. * Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

  • When was ASC Group founded?

    ASC Group was founded in 1999.

  • Where is ASC Group's headquarters?

    ASC Group's headquarters is located at Auerstrasse 31, Heerbrugg.

  • What is ASC Group's latest funding round?

    ASC Group's latest funding round is Acquired - II.

  • Who are the investors of ASC Group?

    Investors of ASC Group include All for One Group and Constellation Software.

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