Tengram Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

Tengram Capital Partners’ most common sectors for investment areconsumer products (42%) and apparel/textiles (38%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (42%) and stake purchase (17%). In total, Tengram Capital Partners has invested in 5 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Algenist for $20M.

The Firm’s most common exit type is trade sale (50%). Tengram Capital Partners’ largest (disclosed) exit occurred in 2019 when it sold This Works Products for $66M.

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M&A Summary

  • M&A Total Activity34
    • M&A Buy Activity24
    • M&A Sell Activity10
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 10
  • M&A Advisors 2

Tengram Capital Partners

15 Riverside Avenue, First Floor,
Westport, Connecticut 06880
United States
(203) 454-6999
www.tengramcapital.com
info@tengramcapital.com

Tengram Capital Partners LLC is a private equity firm focused on retail and branded consumer products. Tengram targets small-cap growth companies as well as restructuring opportunities with stable cash-flows. Specific areas of interest include apparel, sporting goods, consumer electronics, home furnishings, health and beauty, spirits, and food and beverage. Tengram is based in Westport, Connecticut.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Beverages, Consumer Products, Consumer Services, Electronics, Food, Furniture, Retail

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization, Secondary Buyout, Stake Purchase, Merger

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 23 1 - - - - 24
vol $20M $20M
Sell (0.0/yr) # 10 - - - - - 10
vol $132M $132M
  34

Most Recent M&A

Company Date Value Type
High Ridge Brands Co. 2020-02-06 - Special Situations/Distressed
Stamford, Connecticut · www.highridgebrands.com
This Works Products Ltd. 2019-05-22 66M GBP Trade Sale
London, United Kingdom · www.thisworks.com
Lime Crime 2018-06-18 - Buyout (LBO, MBO, MBI)
Woodland Hills, California · www.limecrime.com
Tone It Up, Inc. 2018-01-18 - Buyout (LBO, MBO, MBI)
Manhattan Beach, California · www.toneitup.com
NEST Fragrances LLC 2017-11-30 - Secondary Sale
New York, New York · www.nestnewyork.com
RV Skincare LLC 2017-11-10 - Divestiture
New York, New York · www.reviveskincare.com
Movement 2017-11-06 - Consolidation
Englewood, Colorado · www.movementgyms.com
DevaConcepts LLC 2017-05-18 - Secondary Sale
New York, New York · www.devacurl.com
Laura Geller Beauty LLC 2016-12-20 - Divestiture
New York, New York · www.laurageller.com
Algenist LLC 2016-08-04 20M USD Divestiture
Glendale, California · www.algenist.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
High Ridge Brands Co. 2020-02-06 Helen of Troy Ltd. - Mass Market Personal Care Business 2021-06-08 1
Stamford, Connecticut · www.highridgebrands.com El Paso, Texas
High Ridge Brands Co. 2020-02-06 High Ridge Brands Co. - White Rain Personal Care Brand 2021-02-16 2
Stamford, Connecticut · www.highridgebrands.com Stamford, Connecticut
High Ridge Brands Co. 2020-02-06 High Ridge Brands Co. - Oral Care Assets 2020-02-24 1
Stamford, Connecticut · www.highridgebrands.com Stamford, Connecticut

M&A by Sector

Sector Current # Value All-time # Value
Consumer Products 5 (56%) 20M (100%) 10 (42%) 20M (100%)
Apparel/Textiles 1 (11%) - 9 (38%) -
Retail 2 (22%) - 3 (13%) -
Consumer Services 1 (11%) - 2 (8%) -
Total 9 $20M 24 $20M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (100%) 20M (100%) 23 (96%) 20M (100%)
  New York 3 (33%) - 13 (54%) -
  California 4 (44%) 20M (100%) 6 (25%) 20M (100%)
  Connecticut 1 (11%) - 2 (8%) -
  Colorado 1 (11%) - 1 (4%) -
  Massachusetts - - 1 (4%) -
United Kingdom - - 1 (4%) -
Domestic 9 (100%) 20M (100%) 23 (96%) 20M (100%)
Cross-border - - 1 (4%) -
Total 9 $20M 24 $20M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 3 (33%) - 10 (42%) -
Stake Purchase - - 4 (17%) -
Divestiture 2 (22%) 20M (100%) 3 (13%) 20M (100%)
Growth Capital 2 (22%) - 3 (13%) -
Special Situations/Distressed 1 (11%) - 2 (8%) -
Consolidation 1 (11%) - 1 (4%) -
Recapitalization - - 1 (4%) -
Total 9 $20M 24 $20M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 5 (50%) 66M (50%)
Secondary Sale 2 (20%) -
Trade Sale 1 (10%) 66M (50%)
Divestiture 1 (10%) -
Merger 1 (10%) -
Total 10 $132M

Top M&A Advisors

Legal Deals
Morrison Cohen LLP
1
White & Case
1

Deal Values

buy # Total
< $100M 1 $20M
TOTAL $20M
Largest Algenist LLC
$20M (2016-08-04)
sell # Total
< $100M 2 $132M
TOTAL $132M
Largest This Works Products Ltd.
$66M (2019-05-22)

M&A Connections

Deals
Acquired from
Strategic(s)
13%
3 (13%)
Exited to
Investor(s)
20%
2 (20%)
Strategic(s)
80%
8 (80%)

FAQ

When was Tengram Capital Partners founded?

Tengram Capital Partners was founded in 2010.

What type of investor is Tengram Capital Partners?

Tengram Capital Partners is a private equity firm.

Where is Tengram Capital Partners headquartered?

Tengram Capital Partners is headquartered in Westport, Connecticut.

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