Tangle Teezer proprietor hires bankers to weave new chapter

The proprietor of Tangle Teezer, the British hair-styling model, has enlisted funding bankers to discover choices for the corporate that would embrace an eventual sale.

Sky News has learnt that Mayfair Equity Partners, the personal fairness backer of corporations akin to Ovo Energy, has employed Harris Williams to supervise a strategic overview.

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.

People near the state of affairs mentioned that a lot of choices had been beneath overview, 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 spread of detangling, blow-drying and styling hairbrushes best-known for his or her distinctive look.

Its fast progress has made it a fixture amongst haircare professionals in addition to customers.

The firm now holds greater than 60 patents for brushes globally, and has a presence in 75 international locations.

It is run by James Vowles, who joined as industrial chief in 2017 earlier than taking the helm in 2021.

Mayfair declined to remark.