Tengram Capital to buy majority of Algenist skincare brand

Tengram Capital Partners has agreed to buy a majority stake in Algenist skincare brand from TerraVia. TerraVia will retain a 20 percent stake and will receive $20 million at the close of the deal. Algenist, a prestige beauty brand, said it delivers anti-aging and color correcting innovation. Rothschild & Co. provided advisory services to TerraVia.

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