By  on May 18, 2017

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.

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