Ropes & Gray Represents TSG Consumer Partners in its Investment in Privé Revaux Eyewear
TSG Consumer Partners, a leading private equity firm focused on the branded consumer sector, announced today it has completed its acquisition of a significant minority stake in Privé Revaux Eyewear, the fashion eyewear brand founded by Jamie Foxx, Hailee Steinfeld, Ashley Benson, Dave Osokow and entrepreneur David Schottenstein. The acquisition coincides with the first anniversary of the Company's launch. Financial terms of the transaction were not disclosed.
Privé Revaux, founded in June 2017, launched as an e-commerce and direct-to-consumer platform providing affordable, high quality and on-trend eyewear. The company has rapidly expanded into brick-and-mortar locations, branded kiosks, pop-up shop concepts in major department stores and retailers including Nordstrom, Express, American Eagle, QVC, DSW and many others.
The Ropes & Gray team was led by mergers & acquisitions counsel Matthew Byron, mergers & acquisitions partner Christopher Comeau and private equity partner Paul Van Houten.