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Tengram Capital Partners acquires majority of algae-based beauty brand.
August 8, 2016
By: Christine Esposito
Editor-in-Chief
TerraVia has entered into a definitive agreement to sell a majority interest in the Algenist skincare brand to Tengram Capital Partners. As part of the transaction, Tengram and TerraVia have also formed a partnership focused on leveraging TerraVia’s innovative algae-based ingredient platform and Tengram’s brand-building and investment expertise to pursue compelling new opportunities in the beauty industry. Algenist, launched by TerraVia (then known as Solazyme) in 2011, delivers anti-aging a...
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