The Sage Group Advises ONE/SIZE on Its $140 Million Dividend Recapitalization
Pogi Beauty, LLC (the “Company” or “ONE/SIZE”) completed a $140 million dividend recapitalization with a consortium of commercial lenders led by Truist Bank (“Truist”).
The Sage Group, LLC (“Sage”) initiated the transaction and served as exclusive financial advisor to ONE/SIZE.
This represents another marquee transaction for Sage’s robust beauty & personal care and debt advisory practices.
About the Transaction
Founded in 2020 and based in Los Angeles, California, ONE/SIZE is a modern prestige beauty brand disrupting the industry with differentiated products and a highly engaged global community. The Company’s strategic offering focuses on solution-driven products with immediate efficacy that complement any makeup look, from minimalist to maximalist. The routine-oriented offering drives rapid adoption and exceptional brand loyalty.
The Company’s On ’Til Dawn setting spray has been Sephora’s #1 product for multiple years and is complemented by a suite of shade-agnostic hero products across setting sprays, setting powders, and primers.
ONE/SIZE is sold in more than 3,300 retail locations across 36 countries and through its direct-to-consumer e-commerce website.
ONE/SIZE was founded in partnership with Luxury Brand Partners, LLC (“LBP”), a Miami-based beauty brand incubator focused on creating, developing, and scaling prestige, artist-driven brands across haircare, cosmetics, and personal care. LBP’s current portfolio comprises five active brands: ONE/SIZE, R+Co, IGK Hair, IN COMMON, and Elaluz. Previous LBP brands include Oribe, Becca, Bumble & Bumble, and Pulp Riot.
Sage was exceptional from start to finish. Their team brought deep industry expertise, outstanding professionalism and an unwavering commitment to achieving the right outcome for ONE/SIZE and Luxury Brand Partners. They understood what mattered to us, and their strategic guidance, attention to detail and tireless execution made them invaluable throughout this transaction. We are thrilled to partner with Truist and the outstanding group of banks that participated in this financing. Truist’s understanding of our business, confidence in our vision and collaborative approach makes them a standout partner. We’re grateful for the support of the entire banking group and look forward to building lasting relationships as we continue to grow ONE/SIZE.
Tevya Finger, CEO of Luxury Brand Partners