Latest news with #PreludeGrowthPartners
Business of Fashion
3 days ago
- Business
- Business of Fashion
Oneskin Announces $20 Million Investment From Prelude Growth Partners
Oneskin, the longevity-focussed skincare brand based in California, has secured a $20 million investment from growth equity firm Prelude Growth Partners, the company announced on Wednesday. Prelude Growth Partners' investment buys out a former investor and will not dilute any other shareholders' equity. 'We were really impressed with Prelude immediately,' said Oneskin chief executive Carolina Reis Oliveira, adding that the firm had reached out with detailed plans and suggestions as to how a partnership could be fruitful. Oneskin was founded in 2021 by four Brazilian scientists and uses a proprietary peptide known as OS-01 which the company claims has unique anti-ageing properties. It offers products for the face, body and hair. Its primary channels are its own e-commerce site and Amazon; Reis Oliveira said more than two-third of its business are generated by subscriptions. Prelude Growth Partners' other beauty investments include the premium skin and body care lines Sol de Janeiro, Summer Fridays and Tower28. Two brands it invested in via the brand incubator The Center have now sold — skincare line Naturium to E.l.f Beauty in 2023, and fragrance maker Phlur to TSG Consumer Partners in July 2025. On Tuesday, it announced it has closed a third fund of $600 million earmarked for high-growth consumer brands. 'We're in a good place financially and have a good cushion in terms of cash,' said Reis Oliveira, adding that it will not need to raise again in the near future and that the funds will go towards a brand refresh, supporting clinical trials and on new hires. Oneskin recently appointed a vice president of growth marketing and a creative director, and will soon recruit a head of brand and chief marketing officer. The brand will continue to weigh up a retail entry for 2027 and invest in product development and marketing. Sign up to The Business of Beauty newsletter, your complimentary, must-read source for the day's most important beauty and wellness news and analysis.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Prelude Growth Reaches $600 Million Upper Limit for Third Fund
Prelude Growth Partners, a private-equity firm started in 2017 by two specialists in the consumer sector, has raised its third fund to back fast-growing brands. The vehicle, Prelude Growth Partners III, closed at its $600 million upper limit and was significantly oversubscribed, said Neda Daneshzadeh, the firm's managing partner and co-founder. The firm raised most of the money from its roster of limited partners in previous funds, which included endowments, foundations and pensions, while adding a small number of new investors, she said.
Fashion Network
23-07-2025
- Business
- Fashion Network
TSG Consumer acquires fragrance brand Phlur
Private equity firm TSG Consumer announced on Tuesday it has acquired U.S. fragrance brand Phlur. Financial terms of the agreement were not disclosed. As part of the transaction, Prelude Growth Partners will exit its investment in Phulur. Meanwhile, Chriselle Lim, founder and creative director of Phlur, will continue in her role and retain a "meaningful stake" in the contemporary fragrance brand, alongside Ben Bennett's The Center, a beauty accelerator that invested with the fragrance brand in 2021. Founded in Austin, Texas in 2015, Phlur is "mindfully formulated" fragrance brand that taps the expertise of master perfumers to create its scents, including Vanilla Skin, Heavy Cream, and Missing Person. Today, the brand is sold via its dedicated e-commerce store, as well as in Sephora, Amazon, and Space NK. 'We've always believed fragrance is a deeply personal form of self-expression,' said Lim. 'Our community values transparency, creativity, and emotional connection. TSG Consumer shares those values, and we're thrilled to partner with them for this next chapter.' Founded in 1986, TSG Consumer is a private equity firm that invests in in the consumer sector, with approximately $13 billion in assets under management. The firm has past and current investment in several consumer goods companies including Canyon Bicycles, Chemical Guys, Dutch Bros Coffee, E.l.f. Cosmetics, EoS Fitness, IT Cosmetics, Mavis Tire, Planet Fitness, Revolve, Smashbox Cosmetics, Summer Fridays, Think!, and Yard House.
Fashion Network
23-07-2025
- Business
- Fashion Network
TSG Consumer acquires fragrance brand Phlur
Private equity firm TSG Consumer announced on Tuesday it has acquired U.S. fragrance brand Phlur. Financial terms of the agreement were not disclosed. As part of the transaction, Prelude Growth Partners will exit its investment in Phulur. Meanwhile, Chriselle Lim, founder and creative director of Phlur, will continue in her role and retain a "meaningful stake" in the contemporary fragrance brand, alongside Ben Bennett's The Center, a beauty accelerator that invested with the fragrance brand in 2021. Founded in Austin, Texas in 2015, Phlur is "mindfully formulated" fragrance brand that taps the expertise of master perfumers to create its scents, including Vanilla Skin, Heavy Cream, and Missing Person. Today, the brand is sold via its dedicated e-commerce store, as well as in Sephora, Amazon, and Space NK. 'We've always believed fragrance is a deeply personal form of self-expression,' said Lim. 'Our community values transparency, creativity, and emotional connection. TSG Consumer shares those values, and we're thrilled to partner with them for this next chapter.' Founded in 1986, TSG Consumer is a private equity firm that invests in in the consumer sector, with approximately $13 billion in assets under management. The firm has past and current investment in several consumer goods companies including Canyon Bicycles, Chemical Guys, Dutch Bros Coffee, E.l.f. Cosmetics, EoS Fitness, IT Cosmetics, Mavis Tire, Planet Fitness, Revolve, Smashbox Cosmetics, Summer Fridays, Think!, and Yard House.
Fashion Network
22-07-2025
- Business
- Fashion Network
TSG Consumer acquires fragrance brand Phlur
Private equity firm TSG Consumer announced on Tuesday it has acquired U.S. fragrance brand Phlur. Financial terms of the agreement were not disclosed. As part of the transaction, Prelude Growth Partners will exit its investment in Phulur. Meanwhile, Chriselle Lim, founder and creative director of Phlur, will continue in her role and retain a "meaningful stake" in the contemporary fragrance brand, alongside Ben Bennett's The Center, a beauty accelerator that invested with the fragrance brand in 2021. Founded in Austin, Texas in 2015, Phlur is "mindfully formulated" fragrance brand that taps the expertise of master perfumers to create its scents, including Vanilla Skin, Heavy Cream, and Missing Person. Today, the brand is sold via its dedicated e-commerce store, as well as in Sephora, Amazon, and Space NK. 'We've always believed fragrance is a deeply personal form of self-expression,' said Lim. 'Our community values transparency, creativity, and emotional connection. TSG Consumer shares those values, and we're thrilled to partner with them for this next chapter.' Founded in 1986, TSG Consumer is a private equity firm that invests in in the consumer sector, with approximately $13 billion in assets under management. The firm has past and current investment in several consumer goods companies including Canyon Bicycles, Chemical Guys, Dutch Bros Coffee, E.l.f. Cosmetics, EoS Fitness, IT Cosmetics, Mavis Tire, Planet Fitness, Revolve, Smashbox Cosmetics, Summer Fridays, Think!, and Yard House.
