Ares Management LP has signed an agreement to acquire DevaCurl for between $250 million and $300 million, according to industry sources.
The business, which makes hair-care products focused on curls, is projected to do at least $65 million in net sales for 2017, sources said. Ares is taking over 100 percent of the company from private equity backer Tengram Capital Partners and cofounder Dennis Da Silva.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)