BlueGem buys QMS Medicosmetics

The GP drew equity for the transaction from its €370m buyout fund, BlueGem II.

BlueGem said it was building a management team and a commercial team to support the company's growth. However, the firm's founder Erich Schulte will remain head of research and development and brand ambassador.

No financials were disclosed, though BlueGem's second fund typically targets equity investments of between €25-75m.

Company
QMS was founded in 1986 and is headquartered in Freiburg. Its skincare products are available in more than 600 spas worldwide. Its products can be found in high-end retail stores and hotels, such as Liberty in London and KaDeWe in Berlin. It was named the world's best spa brand at the World Spa Awards in 2015 and 2016.

People
QMS Medicosmetics – Erich Schulte (founder).

Advisers
Equity – Marlborough Partners (M&A); Gianni Origoni Grippo Cappelli & Partner (legal).

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• Buyouts
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• BlueGem Capital Partners
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