Siena Lending Group completed a $5 million asset-based revolving credit facility for RéVive Skincare.
The facility will be used to support the company’s working capital and continued growth.
Founded 21 years ago by plastic and reconstructive surgeon Dr. Gregory Brown, RéVive is a luxury skincare line which uses bio-engineered molecules called Bio Renewal Technology that accelerates cell renewal, making skin act younger. The results are improved skin density, and elasticity. It is majority owned by private equity firm Tengram Capital Partners.
RéVive’s skincare products are sold at retailers throughout North American, including Neiman Marcus, Bergdorf Goodman, Barney’s, Saks, Nordstrom, Blue Mercury, Cos Bar and Holt Renfrew, as well as at Harrod’s and Space NK in the UK and select luxury retailers in Hong Kong, Taiwan, and Singapore.
Scott Elliotto, director of Siena, said, “We are excited to team up with Tengram again on another portfolio financing. We look forward to working with Tengram and the RéVive management team as they expand their domestic and international distribution channels.”
Rich Gersten, Tengram partner, said, “Siena has been a great partner for Tengram in the past and we really enjoy working with their team.”
