M&A Deal Summary

Tengram Capital Partners Acquires Algenist

On August 4, 2016, private equity firm Tengram Capital Partners acquired consumer products company Algenist from TerraVia Holdings for 20M USD

Acquisition Highlights
  • This is Tengram Capital Partners’ 7th transaction in the Consumer Products sector.
  • This is Tengram Capital Partners’ largest (disclosed) transaction.
  • This is Tengram Capital Partners’ 18th transaction in the United States.
  • This is Tengram Capital Partners’ 4th transaction in California.

M&A Deal Summary

Date 2016-08-04
Target Algenist
Sector Consumer Products
Buyer(s) Tengram Capital Partners
Sellers(s) TerraVia Holdings
Deal Type Divestiture
Deal Value 20M USD

Target

Algenist

Glendale, California, United States
Algenist is a provider of skincare supplements by using biotechnology, the innovative green science-respecting nature, to uncover the limitless potential of algae. Algenist was founded in 2011 and is based in Glendale, California.

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Buyer(S) 1

Buyer

Tengram Capital Partners

Westport, Connecticut, United States

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Focused
DESCRIPTION

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.


DEAL STATS #
Overall 19 of 24
Sector (Consumer Products) 7 of 10
Type (Divestiture) 2 of 3
State (California) 4 of 6
Country (United States) 18 of 23
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-28 Robert Graham

New York, New York, United States

Robert Graham LLC is a provider of luxury men’s and women’s collection apparel. Robert Graham was founded in 2001 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 Laura Geller Beauty

New York, New York, United States

Laura Geller Beauty LLC is a prestige color cosmetics brand developed by professional makeup artist, Laura Geller. The Company is renowned as the pioneer of the "baked" category of makeup – cult-favorite, multi-tasking powders that deliver remarkably vibrant color – and for its easy-to-use, multi-tasking products intended to simplify and improve women's makeup routines. Laura Geller Beauty was founded in 1993 and is based in New York City.

Sell -

Seller(S) 1

SELLER

TerraVia Holdings

South San Francisco, California, United States

Category Company
Founded 2003
Sector Food
Employees229
Revenue 46M USD (2015)
DESCRIPTION

TerraVia is a next-generation food, nutrition and specialty ingredients company that harnesses the power of algae, the mother of all plants and earth's original superfood. With a portfolio of breakthrough ingredients and manufacturing, the Company is well positioned to help meet the growing need of consumer packaged goods and established and emerging food manufacturers to improve the nutritional profile of foods without sacrificing taste, and to develop select consumer brands. The Company also manufacturers a range of specialty personal care ingredients for key strategic partners. Headquartered in South San Francisco, the Company's mission is to create products that are truly better for people and better for the planet.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1