Joe’s Jeans sells Joe’s brand to Sequential Brands, Global Brands for $80 mln

Joe’s Jeans Inc. has agreed to sell the Joe’s brand and operating assets to Sequential Brands Group Inc. and Global Brands Group Holding Ltd. for $80 million. Joe’s has also agreed to merge its remaining Hudson business with RG Parent LLC, the parent of Robert Graham. Once Joe’s brand is sold, the company will be renamed Differential Brands Group Inc. Robert Graham will have 47.3 percent, while Tengram Capital Partners’ preferred stock will convert to about 24 percent, convertible noteholders will have 14 percent and existing stockholders will have 14.2 percent. Tengram, controlling owner of the Robert Graham business, is also buying $50 million of new series A convertible preferred stock of the company. Sequential Brands is also a Tengram portfolio company.


Tengram Capital-backed Laura Geller Beauty hires CEO

Elana Drell Szyfer, former executive at Estée LauderL’Oreal, and Avon, has been named chief executive officer of Laura Geller Beauty. She also has joined Tengram Capital Partners, an investor in Laura Geller Beauty, as an operating advisor. In the advisory capacity, Drell Szyfer will work with Tengram on its beauty portfolio (including Nest Fragrances and Deva Curl), take on board seats and consult on potential new investments.

Devacurl partners with TCP

DevaCurl, a hair care brand dedicated to curly hair along with its affiliated Devachan salons, has partnered with Tengram Capital Partners. TCP is a Connecticut-based private equity firm that focuses exclusively on middle-market consumer and retail companies.

Tengram Capital Collects $173 Mln for Fund I

Tengram Capital Partners has collected $173 million for its first institutional fund. Fund I’s target was $150 million, according to a statement. Mt. Vernon Group and Triple A Partners were placement agents for the pool while White & Case was fund counsel. Founded in 2010, Westport, Conn.-based  Tengram targets middle market consumer and retail companies.

Tengram Capital Backs Geller Beauty

Tengrap Capital Partners, the Connecticut-based private equity firm concentrating on retail and consumer brands, will invest in Laura Geller Beauty, a cosmetic brand developed by makeup artist Laura Geller. Specifics of the deal were not publicized.

TCP Appoints Senior Associates from Catterton Partners

Tengram Capital Partners has appointed Brian Thorne and Erlina Yeo as senior associates. Both join from consumer-focused private equity firm Catterton Partners. PRESS RELEASE Tengram Capital Partners LLC (“TCP”), a private equity firm that focuses on investing in middle-market consumer companies that own strong recognizable brands, today announced that both Brian Thorne and Erlina Yeo […]

People’s Liberation Inks $14.5M from Tengram Capital

People’s Liberation Inc. will raise up to $14.5 million Tengram Capital Partners through the sale of convertible debentures, preferred stock and warrants, the company announced Thursday. Tengram already has purchased $3 million of debentures from the Company, and has agreed to purchase a minimum of $11.0 million of additional debentures within the next few weeks. […]

Tengram Capital Invests in Robert Graham

Tengram Capital Partners has made a “significant” investment in Robert Graham, a men’s fashion label. Michael Buckley was also named Graham’s CEO, according to a statement. Tengram, of Westport, Conn., is a $200 million fund from entrepreneur William Sweedler.

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