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Salon chain Drybar bags $20 mln

Drybar has closed $20 million in funding. SPK Capital and previous backer Castanea Partners led the round. Headquartered in Irvine, Calif., Drybar is a hair salon chain focused on offering affordable blowouts.

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Julian Chu promoted to operating partner

Castanea Partners has promoted Julian Chu to operating partner. Chu, who joined Castanea as vice president in 2012, has over fifteen years of experience in the digital marketing and ecommerce sectors.

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Take time out this morning to catch up on the latest headlines including Castanea’s Fund IV plans, Guy Hands’ team salary boost and why you should be placing your private equity bets on real estate.

Drybar Secures Funding from Castanea

Drybar, a business in the emerging “blow dry only” segment of the beauty industry, has closed a $16 million investment by Castanea Partners, the Boston-based private equity firm, for a minority stake in the company. As part of the transaction, Janet Gurwitch and Paul Pressler will be joining Drybar’s board. Gurwitch is the founder and […]

New Operating Partner for Castanea

Janet Gurwitch has joined Castanea Partners as operating partner. Gurwitch has over fifteen years executive experience in the personal care, luxury, and branded consumer products sectors. Prior to joining Castanea, she was the founder and CEO of Laura Mercier Cosmetics, a global beauty brand. PRESS RELEASE Castanea Partners announced today that Janet Gurwitch has joined […]

Castanea Partners Buys Stake in Fitness Anywhere

Buyout shop Castanea Partners has acquired a minority stake in San Francisco-based suspension training equipment maker Fitness Anywhere. The company said it would use the proceeds to fund strategic growth. Financial terms of the deal were not released. Newton, Mass.-based Castanea Partners typically invests between $15 million and $75 million into companies focused on consumer products, specialty retail, marketing services, information services, and education.

Castanea Buys Upscale Suit Co.

Castanea Partners has bought Astor & Black Custom Clothiers, the maker of high-end suits favored by some athletes and corporate executives, from founder David Schottenstein in an all-equity transaction, Castanea executives told Buyouts. Schottenstein, who launched the company in 2004, will retain a significant minority stake. The Columbus, Ohio-based company prides itself on making suits […]

Castanea Partners Invests in Astor & Black

Private equity investor Castanea Partners has invested an undisclosed amount in Astor & Black Custom Clothiers. Formed in 2004, Columbus, Ohio-based Astor & Black is a provider of custom-made suits, shirts and other apparel. Terms of the transaction were not disclosed.

Casanea Partners Buys Donald J Pliner

Private equity firm Castanea Partners has acquired a majority stake in footwear designer and marketer Donald J. Pliner. Financial terms of the deal were not disclosed. Formed in 1989, Donald J. Pliner is based in New York. Founded in 2001, Castanea Partners is a $575 million fund. The firm is based in Newton, Mass.

Collina Leaves Castanea Partners for BB&T: UPDATED

Andrew “Drew” Collina has left Castanea Partners to join BB&T Capital Markets, several sources say.

Collina joined BB&T late last year and is now part of the bank’s financial sponsors group, one person says. Collina left Castanea to return to his investment banking roots, the source says. Collina has previously worked at RBC Capital Markets and BancBoston Robertson Stephens.

Officials for BB&T couldn’t be reached for comment.

Collina joined Castanea in 2008 where, as a principal, he was responsible for coordinating the firm’s business development and acquisition origination duties, according to the firm’s web site.

Castanea Backs Nutritional Supplement Makers

Castanea Partners has invested in, and plans to merge, two direct marketers of branded nutritional supplements: Hueytown, Ala-based Health Resources and Carson City, Nev.-based Vitamin Research Products. No financial terms were disclosed for either deal.

Jeffrey Rayport Joins Castanea Partners

Jeffrey Rayport has joined private equity firm Castanea Partners as an operating partner. He previously was a senior partner with Monitor Group, where he founded and chaired a business consultancy called Marketspace LLC.

Castanea Buys Urban Decay Cosmetics

Castanea Partners has acquired Urban Decay Cosmetics LLC, a Newport Beach, Calif.-based premium cosmetics brand selling through specialty beauty retailers, from The Falic Group. No financial terms were disclosed.

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