Prestige color cosmetics brand Laura Geller Beauty has partnered with Connecticut-based private equity firm Tengram Capital Partners, LLC (TCP), with the firm making an investment in the beauty brand.
Laura Geller, the company's founder and CEO, expressed her excitement about the new partnership and the growth prospects for the business. "The Laura Geller Beauty brand has always positioned itself as a premium color cosmetics collection that fits into every woman's lifestyle, regardless of where she lives, what she does or what she wears. Our partnership with TCP will accelerate my dream of delivering innovative, relatable and meaningful products to more women domestically and abroad."
"In addition to her long- standing reputation in the industry, we have tremendous respect for what Laura has been able to accomplish with the Laura Geller brand, which has had tremendous success through its key retail partnerships with QVC and Ulta," said Richard Gersten, a TCP partner. "We are very much looking forward to working with her and the team to drive the brand's continued expansion, while also strategizing new areas of growth for the company."