Tengram Capital Partners reached a deal to buy skincare company RéVive. The private equity firm is acquiring the brand from Japanese beauty conglomerate Shiseido Americas Corp.
RéVive, based in New York, produces moisturizer and toners mostly under its namesake brand. The target's products are sold in luxury retailers such as Neiman Marcus, Saks, Bergdorf Goodman and Barney's. Revive was founded in 1997 by plastic surgeon Gregory Brown. After the deal closes, RéVive will be led by CEO Elana Drell Szyfer, who currently works with Tengram as an operating adviser.
“As an investor in consumer brands with a deep knowledge in beauty, I have watched RéVive for a long time. We believe it is a gem," says Tengram Partner Richard Gersten. Financial terms of the deal were not disclosed.
"Finding a brand like RéVive is rare," adds "Szyfer we are extremely excited about the opportunity to partner with the existing team."
Tengram is a consumer and retail focused private equity firm that has offices in New York and Connecticut. Some of the firm's current investments include: Nest Fragrances, beauty companies Cos Bar and This works, along with apparel brand Tommie Copper.