Direct Capital invests in beauty business Caci

Fri, 26 Jun 2020

Direct Capital has taken a 39 percent stake in Caci for an undisclosed sum. The new shareholder will help the beauty business “drive an ambitious growth strategy for its trusted chain of clinics,” Caci said. Founders David and Jackie Smith own the rest of the recently formed holding company Caci Group Holdings. The Smiths brought the franchise, which offers subscriptions for beauty treatments, to New Zealand more than 25 years ago. Direct Capital director Gavin Lonergan said his firm started discussing the investment...

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