NEST Fragrances, a NYC-based designer and manufacturer of luxury home fragrances, personal care products and fine fragrances, has received a private equity investment from Tengram Capital Partners.
According to a written statement, Tengram, which has acquired a significant stake in the company, will help NEST continue to expand into new product categories and international markets. The amount of the transaction was not disclosed.
Founded in 2005 by Laura Slatkin, who will continue to lead the company as CEO, NEST is known for its luxurious scented candles, diffusers, room sprays, soaps and lotions, and other essentials for body, rooms and environments. Clients currently include more than 75 prestige companies in the fashion, beauty, retail and home fragrance industries.
FinSMEs
24/09/2012