8 Big Deals, p. 6
6. TSG: Sexy Hair
In May, investment firm TSG Consumer Partners announced that it purchased Sexy Hair Concepts, the 13-year-old marketer of haircare products distributed through professional salons.
“Sexy Hair is one of the fastest-growing haircare brands in the professional-beauty industry and is now sold in about 60,000 professional salons worldwide,” said Brian Krumrei, a TSG principal. “The company has outperformed the market over the past two years, achieving 30% year-over-year growth in the first quarter of 2011. We are especially pleased to partner with the company’s existing experienced management team led by [president and CEO] Karl-Heinz Pitsch.”
Pitsch noted when the announcement was made: “TSG has the expertise and support to help SHC pursue inherent growth opportunities based on continued dedication to top quality products, education and a lot of fun.”
SHC offers six lines and about 70 products addressing specific hair type, texture, length and style, and the brand is a favorite among Hollywood’s leading entertainment-industry stylists.
At the time of the announcement, TSG’s other current beauty and personal-care investments included Alterna hair care, Kenra hair care, NV Perricone skin care, e.l.f. cosmetics and Pevonia skin care. Prior beauty investments have included Smashbox cosmetics and Pureology hair care.