In this episode of the Great Friends Podcast, John Wheeler, CEO of Alpha Aesthetics Partners, interviews Mike Pisani, Co-Head of Health Care Services & Managing Director for Houlihan Lokey. With 20 years of experience in the private equity sector, working with prestigious firms like Deloitte, Mike is a fountain of knowledge on mergers and acquisitions, making this episode a must-listen for anyone contemplating selling or partnering their aesthetics practice.

Mike and John dive deep into the undercurrents shaping the private equity landscape in aesthetics, a buzzing arena where many medical spas are joining platforms or forging partnerships. Mike's extensive M&A experience, coupled with his current advisory role for private businesses, private equity firms, and public companies, lends a comprehensive perspective to these trends.

He unravels key considerations for those seeking a partner, advising listeners on everything from selling or acquiring, raising debt or equity capital, to evaluating strategic alternatives. Furthermore, Mike elaborates on why the current zeitgeist in the aesthetics industry is unparalleled, save perhaps by a similar moment in the vet industry.

The highlight of the conversation is Mike's insight into the unique 'euphoria' currently surrounding the aesthetics industry, emphasizing the prime time to sell or partner practices. His perspective, honed through years of navigating diverse sectors, offers listeners invaluable foresight into the distinctive opportunities available in the aesthetics industry today.

John Wheeler sums up the episode beautifully, emphasizing Mike's unique vantage point. He reinforces the value of the conversation, stating, "This conversation... is going to blow your mind. I think you're going to love it... He said, 'I've been in this industry for 20 years. I've never seen the level of euphoria in any other industry, with the exception of maybe the vet industry that I'm seeing right now in aesthetics.'"

This episode is a treasure trove of information, offering listeners an unprecedented window into the bustling world of aesthetics and private equity. As John puts it, "It's a really good time to sell your practice. And if you're thinking about it, you have to hear this episode because Mike crushed it." Don't miss this thrilling conversation that illuminates the exciting present and promising future of the aesthetics industry.