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Ares Management announces aquisition of DevaCurl from Tengram Capital Partners

Ares Management, L.P. has announced that a fund managed by its Private Equity Group has signed a definitive agreement to acquire Deva Holdings, Inc., the parent company of DevaCurl, a leading professional and prestige hair care brand dedicated to curly hair, from an investment fund affiliated with Tengram Capital Partners and the company’s other shareholders. No financial terms were disclosed. Jefferies LLC provided financial advice to Ares on the transaction while Financo provided financial advice to DevaCurl.


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