Beauty Industry Group Announces New Investor

Beauty Industry Group, the industry leader for professionally-installed and DIY hair extension products has announced they have entered into a definitive agreement under which L Catterton, the largest global consumer-focused private equity firm, will acquire a majority stake in Beauty Industry Group.   The company is made of 13 market-leading hair extension brands including HALOCOUTURE, Donna Bella Hair, Hotheads, Beauty Works, Hairtalk, and Lux and shares that their existing shareholders including HGGC, CEO Derrick Porter and Beauty Industry Group's management team will reinvest alongside L Catterton and continue to own a significant minority stake in the company going forward.   Through...