Tengram Capital Partners (TCP) has made an investment in NEST Fragrances, a designer and manufacturer of luxury home fragrances, personal care products and fine fragrances. Laura Slatkin, NEST Founder, will continue to lead the company as Chief Executive Officer.
“I am delighted that TCP shares our vision to grow and evolve NEST Fragrances into a world-class luxury lifestyle beauty brand,” said Ms. Slatkin. “TCP has a proven track record of investing in strong, iconic consumer brands to unlock their true potential and their partnership will be instrumental as we expand our product portfolio and bring our exceptional luxury products to more consumers in the United States and abroad.”
NEST Fragrances is a designer and manufacturer of luxury home fragrances, personal care products and fine fragrances. NEST is known for its scented candles, diffusers, room sprays, soaps and lotions, and other essentials for body, rooms and environments. The company’s branded products are sold nationwide through high-end department stores and specialty boutiques. NEST’s client list currently includes more than 75 companies in the fashion, beauty, retail and home fragrance industries all of whom turned to NEST to develop their own exclusive lines of home fragrance and personal care products. Laura Slatkin founded NEST in 2005 after Slatkin & Co., the home fragrance company she co-founded and with her husband, Harry Slatkin, was acquired by Limited Brands. NEST Fragrances is based in New York (www.nestfragrances.com).
“This is a tremendously exciting time for NEST Fragrances. With TCP on board along with our highly experienced and extraordinarily talented and growing executive leadership team and staff, we are well-positioned for strategic and meaningful growth as we continue to solidify our standing as a category leader in the luxury consumer goods industry,” said Ms. Slatkin.
Tengram Capital Partners invests in companies in the branded consumer products and retail space. Sectors of interest include apparel, sporting goods, consumer electronics, home furnishings, health and beauty, spirits, and food and beverage. The firm is based in Westport, CT (www.tengramcapital.com).
“We see enormous growth potential for NEST Fragrances and we are very excited about this new partnership,” said Matthew Eby, Co-Founder and Managing Partner of TCP. “In addition to her long-standing reputation in the industry, we have tremendous respect for what Laura has been able to accomplish with the NEST brand in a relatively short period of time; we are very much looking forward to working with her and her talented team to drive the brand’s continued expansion into new product categories and international markets.”
© 2012 PEPD • Private Equity’s Leading News Magazine • 9-25-12
