Private equity firm Tengram Capital Partners has signed a definitive agreement to acquire luxury skincare brand RéVive from Shiseido Americas Corporation.
The amount of the deal was not disclosed.
Under the terms of the agreement, Tengram will run the company as an independent and stand-alone entity based in New York City. Closing is expected to be completed by the end of November.
The new company will be led by Elana Drell Szyfer, who worked with Tengram as the CEO of Laura Geller New York, which Tengram sold in 2016. She is currently an Operating Advisor to the firm. Szyfer’s industry experience includes executive roles on the Lancôme and Estee Lauder brands.
Drell Szyfer will be joined by John Elmer in the role of CFO and COO of RéVive and Mary Rodrigues as SVP of Marketing and Ecommerce.
Launched in 1997, RéVive is a luxury skincare line developed by Dr. Gregory Bays Brown, a Plastic and Reconstructive Surgeon, whose products has been scientifically formulated with Bio-Renewal Technology, which helps change the behavior of skin and restore its youthful glow. RéVive is distributed domestically at luxury retailers Neiman Marcus, Saks, Bergdorf Goodman, Barney’s, Blue Mercury and Cos Bar and at select retailers in Canada, UK, Europe and Asia.
The company was acquired by Shiseido Americas as part of its 2016 acquisition of Gurwtich Products LLC from Alticor.
Tengram Capital is a private equity firm that invests in companies in the branded consumer products and retail space and acts as a catalyst to drive growth. Its current beauty portfolio includes Nest Fragrances, Algenist, specialty beauty retailer Cos Bar, and natural beauty brand This Works.
Current investments include Earth Treks, NEST Fragrances, Algenist, Active Ride Shop, Cos Bar, This Works, Differential Brands Group, Zanella, Luciano Barbera, Tommie Copper, and Sequential Brands Group. Prior investments include DevaCurl and Laura Geller Beauty.