The proprietor of Tangle Teezer, the British hair-styling model, has enlisted funding bankers to discover choices for the corporate that might embrace an eventual sale.
Sky Information has learnt that Mayfair Fairness Companions, the personal fairness backer of firms akin to Ovo Vitality, has employed Harris Williams to supervise a strategic evaluation.
The transfer comes as Tangle Teezer advantages from an explosion in gross sales within the US, and comes 17 years after its founder’s pitch for funding was rejected on the tv programme Dragons’ Den.
Folks near the state of affairs stated that a variety of choices had been underneath evaluation, and there was no formal timetable for any sale course of.
Mayfair invested in Tangle Teezer in July 2021 to assist gasoline the corporate’s worldwide progress.
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Launched in 2007 by Shaun Pulfrey, a former hair colourist, Tangle Teezer makes a variety of detangling, blow-drying and styling hairbrushes best-known for his or her distinctive look.
Its speedy progress has made it a fixture amongst haircare professionals in addition to shoppers.
The corporate now holds greater than 60 patents for brushes globally, and has a presence in 75 nations.
It’s run by James Vowles, who joined as business chief in 2017 earlier than taking the helm in 2021.
Mayfair declined to remark.
