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Cornerstone

cornerstone.co.uk

Stage

Private Equity | Alive

Total Raised

$5.96M

Last Raised

$4.56M | 6 yrs ago

About Cornerstone

Cornerstone is an online subscription service providing quality skin care products and razors to customers around the UK.

Headquarters Location

86-90 Paul Street

London, England, EC2A 4NP,

United Kingdom

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Expert Collections containing Cornerstone

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Cornerstone is included in 3 Expert Collections, including Direct-To-Consumer Brands (Non-Food).

D

Direct-To-Consumer Brands (Non-Food)

1,192 items

Startups selling their own branded products directly to consumers through owned e-commerce channels, rather than relying on department stores or big online marketplaces.

E

E-Commerce

10,711 items

B

Beauty & Personal Care

2,253 items

Startups in the beauty & personal care space, including cosmetics brands, shaving startups, on-demand beauty services, salon management platforms, and more.

Cornerstone Patents

Cornerstone has filed 69 patents.

The 3 most popular patent topics include:

  • Diving medicine
  • Fluid dynamics
  • Gas technologies
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/19/2019

8/30/2022

Metallurgy, Alloys, Metalworking, 3D printing processes, Phase transitions

Grant

Application Date

9/19/2019

Grant Date

8/30/2022

Title

Related Topics

Metallurgy, Alloys, Metalworking, 3D printing processes, Phase transitions

Status

Grant

Latest Cornerstone News

Carl Marks Securities Advises on Sale of Cornerstone Treatment Facilities Network to Aurora Health

Dec 19, 2022

Sale benefits employee-owners across two New York locations December 19, 2022 09:07 AM Eastern Standard Time NEW YORK--( BUSINESS WIRE )--Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors, (together “Carl Marks”) today announced that it advised Cornerstone Treatment Facilities Network (“Cornerstone” or the “Company”), an inpatient addiction care company, on the sale of the business to Aurora Health. Financial terms of the private transaction were not disclosed. Founded in 1936, Cornerstone is an employee-owned addiction care provider with locations in Fresh Meadows, Queens and in Rhinebeck, New York in the Hudson Valley. A state-regulated and licensed provider, Cornerstone specializes in medically supervised inpatient drug and alcohol withdrawal and stabilization services as well as medically supervised inpatient rehabilitation services. “This successful sale transaction was a long time coming, but the Carl Marks team never once left our side,” said Tom Puzo, CEO of Cornerstone. “They gave us their full attention and support when the sale process was disrupted by the pandemic and then re-started and kept the best interests of our employee owners in the ESOP at heart. Thanks to their hard work and sage advice, we have now seen the best possible outcome for all the stakeholders.” “This was an extensive and exhaustive sale process that had more twists and turns than almost any other deal in my career,” said Mark Claster, President of Carl Marks Securities. “We first went to market in spring 2019 and continued working with management and interested buyers through the height of the pandemic, and through many trials and tribulations at a challenging time for all healthcare providers. We are gratified to complete this successful transaction.” Carl Marks previous experience in addiction and behavioral healthcare services includes the financial restructuring of American Addiction Centers and positioning that company for long-term growth with a new board of directors. “Cornerstone engaged us because of our extensive experience in healthcare,” said Warren Feder, Principal at Carl Marks Securities. “But they retained us through an unusually long and complex engagement because they knew we would stick with them through thick and thin. From day one, we believed Cornerstone is a best-in-class operation, and that belief was proven out by the patience and integrity of the management team.” About Cornerstone Treatment Facilities Network Cornerstone Treatment Facilities Network is a leading provider of medically supervised inpatient withdrawal and stabilization services as well as medically supervised inpatient rehabilitation services with locations in Fresh Meadows and Rhinebeck, New York. A respected leader and innovator in the treatment field for more than 40 years, Cornerstone has been helping people change their lives by providing the tools for a healthy, happy and drug-free life. Its programs are O.A.S.A.S. licensed and CARF accredited utilizing motivational enhancement practices to promote, and support recovery. For more information, please visit www.cornerstoneny.com . About Carl Marks Securities Carl Marks Securities LLC, the broker-dealer affiliate of Carl Marks Advisory Group LLC, provides financial advisory services related to private placement of debt and equity capital. Serving middle market companies, Carl Marks Securities LLC provides a broad range of capital market alternatives as they seek financing for growth, mergers or acquisitions, restructurings or other purposes. Carl Marks Securities LLC is a member FINRA and SIPC. Additional information about Carl Marks Securities LLC can be found at www.carlmarkssecurities.com and Carl Marks Advisory Group LLC is available at www.carlmarksadvisors.com . The press release may not be suitable for all investors, and investors must make their own investment decisions using their own independent advisors as they believe necessary and based upon their specific financial situations and investment objectives. Past performance is not necessarily indicative of future results. The testimonial may not be representative of the experience of other customers. Contacts

Cornerstone Frequently Asked Questions (FAQ)

  • Where is Cornerstone's headquarters?

    Cornerstone's headquarters is located at 86-90 Paul Street, London.

  • What is Cornerstone's latest funding round?

    Cornerstone's latest funding round is Private Equity.

  • How much did Cornerstone raise?

    Cornerstone raised a total of $5.96M.

  • Who are the investors of Cornerstone?

    Investors of Cornerstone include Will Hobhouse, Nick Wheeler, Andy Oldham, Joe Middleton, Calculus Capital and 3 more.

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