TSG Consumer Partners, a San Francisco-based private equity firm, has purchased a majority stake in Radiance Holdings, a family of brands in the beauty, wellness and self-care sector.
Radiance Holidngs is based in Denver, Colo. and is focused on investing in its brands to drive product innovation and helping its community of beauty professionals expand their businesses. The company’s portfolio is approximately 85 percent franchised and includes Sola Salons, a salon studios franchise with around 650 locations across the U.S., and Woodhouse Spas, a day spa brand focused on massages and skincare. As part of the transaction, Radiance Holdings’ management team will continue to lead the company.
“Radiance Holdings is empowering a new generation of beauty professionals seeking to work independently and offer their clientele more control over their salon experience, a trend accelerated by the pandemic,” says Michael Layman, managing director at TSG. “Their portfolio of differentiated brands are exceeding consumer expectations and are well positioned for further growth.”
Jefferies LLC and Lazard acted as financial advisor to TSG and Ropes & Gray LLP acted as legal advisor. North Point and Harris Williams acted as financial advisor to Radiance Holdings