TSG Consumer Partners, a San Francisco, CA-based private equity firm, acquired a majority stake in Radiance Holdings, a Denver, CO-based provider of a platform representing brands in the beauty, wellness, and self-care sectors.
The amount of the deal was not disclosed. As part of the transaction, Radiance Holdings’ management team will continue to lead the Company.
Led by CEO Christina Russell, Radiance Holdings represents a collection of brands in the beauty, wellness and self-care sector. The company’s current brand portfolio includes
- Sola Salons, a salon studios franchise with approximately 650 locations across the U.S. and Canada as of December 2022. Sola Salons rents premium suites to individual beauty care professionals, providing them with more autonomy and better economics than traditional salons;
- Woodhouse Spas, a premium day spa brand with approximately 80 locations across the U.S. as of December 2022. Woodhouse Spas feature a multi-modality platform, anchored by massage and skincare, which brings resort-level quality to convenient neighborhood locations; and
- BeautyHive, an online distributor of professional beauty products.
FinSMEs
21/12/2022