Middle-market investment firm Aterian Investment Partners LLC bought Bright International Corp.
Headquartered in Coolidge, Ariz., Bright makes powdered hair bleach, liquid cream and lotion-based hair bleach, liquid developers and hair colors for the professional salon and retail markets.
The company will be a platform for additional investments in the consumer, health, beauty and personal care sectors, said Christopher Thomas, co-founder and partner at Aterian.
Kirkland & Ellis LLP and PricewaterhouseCoopers LLP advised Aterian on the deal, while GulfStar Group and Snell & Wilmer LLP advised Bright.