Topspin Partners, a Mamaroneck, NY-based private equity firm, acquired Japonesque, a San Ramon, CA-based developer and marketer of innovative beauty products, from San Francisco Equity Partners.
As part of the transaction, Graycliff Partners provided a unitranche loan facility and equity co-investment and PNC Bank provided a revolving credit facility. The amount of the deals was not disclosed.
Topspin has partnered with the existing management team of the company led by CEO Rich Conti who will continue in their roles going forward.
Japonesque makes beauty implements, makeup brushes, and other beauty accessories, offering consumers and retailers alike a complementary blend of proprietary and store-branded offerings.