M&A Deal Summary

Tengram Capital Partners and Seawall Capital Acquire Movement

On November 6, 2017, private equity firms Tengram Capital Partners and Seawall Capital acquired consumer services company Movement

Acquisition Highlights
  • This is Tengram Capital Partners’ 2nd and Seawall Capital’s 1st transaction in the Consumer Services sector.
  • This is Tengram Capital Partners’ 19th and Seawall Capital’s 1st transaction in the United States.
  • This is Tengram Capital Partners’ 1st and Seawall Capital’s 1st transaction in Colorado.

M&A Deal Summary

Date 2017-11-06
Target Movement
Sector Consumer Services
Buyer(s) Tengram Capital Partners
Seawall Capital
Deal Type Consolidation

Target

Movement

Englewood, Colorado, United States
Movement is a provider of indoor climbing facilities as well as amenities like yoga studios, functional fitness, cardio zones, and retail pro shops. Movement was founded in 2017 and is based in Englewood, Colorado.

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Buyer(S) 2

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 20 of 24
Sector (Consumer Services) 2 of 2
Type (Consolidation) 1 of 1
State (Colorado) 1 of 1
Country (United States) 19 of 23
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 DevaConcepts

New York, New York, United States

DevaConcepts LLC offers high-growth, premium and category-leading hair care and styling products for all types of curly and wavy hair with a comprehensive portfolio of vegan and “free-from” formulas. The product range includes cleansers, conditioners, styling products, styling accessories, and treatments.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-10 ReVive

New York, New York, United States

ReVive is a provider of the luxury skincare line, its products have been scientifically formulated with Bio-Renewal Technology. ReVive was founded in 1997 and is based in New York City.

Buy -
DESCRIPTION

Seawall Capital is a private investment firm that looks to acquire founder led companies in search of an exit or liquidity. The Firm looks to commit $25 to $100 million per transaction and seeks businesses with at least $20 million of revenue. Sectors of interest include consumer goods, consumer services, consumer technologies, leisure, and distribution. Seawall Capital was formed in 2020 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 1 of 4
Sector (Consumer Services) 1 of 1
Type (Consolidation) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 4
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 Lime Crime

Woodland Hills, California, United States

Lime Crime is a provider of makeup and hair color brand for women who are unapologetically themselves. Lime Crime was founded in 2008 and is based in Woodland Hills, California.

Buy -