Sale hopes for collapsed bag maker Crumpler afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Frank Body locks in PE backer, targets China sales
Save
Share
Private equity has come calling for Australian beauty products label Frank Body.
Street Talk can reveal Frank Body, which was founded by five friends in Melbourne and is best known for its coffee-based skin scrubs, has sold a stake to Chinese private equity firm EverYi Capital, in a deal valuing it at about $100 million.
Frank Body co-founders Bree Johnson, Steve Rowley, Jess Hatzis and Alex Boffa will retain a controlling stake.Â
Frank Body is expected to use the equity injection and its new investorâs contacts to grow the business in China, starting with a new team in Shanghai that will work to ramp up sales to Chinese Millennials.
Purple patch for consumer specialist Lempriere; Alice Wells on shingle
Save
Share
Thereâs some fresh lipstick on boutique capital advisory and investment firm Lempriere Capital â thanks to a spurt of deals including make-up brand Rae Morris.
Lempriere Capital is now Lempriere Wells, taking on the name of key dealmaker Alice Wells, who has capped a busy six years with the firm by signing three new deals in recent weeks.
Lempriere managing director and consumer specialist Alice Wells has clocked up a trifecta of deals in recent weeks. Her clients include Triangl Swimwear and Grown Alchemist.Â
AFR
Wellsâ name joins co-chairman William Lempriereâs on the front door of the Melbourne-based firm that was named after Thomas Lempriere, founder of Australiaâs second bank, The Bank of Van Diemenâs Land in Hobart. The familyâs also long been a big player in Australiaâs wool industry.