05.03.11
Investment firm TSG Consumer Partners LLC has acquired Sexy Hair Concepts (SHC), the professional salon hair care firm based in Chatsworth, CA.
“Sexy Hair is one of the fastest growing hair care brands in the professional beauty industry and is now sold in approximately 60,000 professional salons worldwide. The company has outperformed the market over the past two years, achieving 30% year over year growth in the first quarter of 2011,” said Brian Krumrei, principal of TSG.
“We are especially pleased to partner with the company’s existing experienced management team, led by Karl-Heinz Pitsch,” Krumrei added. “We are highly enthusiastic about SHC’s potential.”
“For SHC, emerging with a strong and knowledgeable partner like TSG Consumer Partners is ideal,” said Pitsch, president and CEO. “TSG has the expertise and support to help SHC pursue inherent growth opportunities based on continued dedication to top-quality products, education and a lot of fun.”
SHC distributes products in more than 36 countries.
TSG has invested in more than 50 brands since its founding in 1987, including Alterna hair care, NV Perricone skin care, e.l.f. cosmetics, Smashbox, Pureology hair care and Pevonia skin care.