PAI Partners, a private equity firm, agreed to acquire a majority stake in Beautynova, a global professional haircare platform, from Bluegem Capital Partners, a private equity firm. Financial terms were not disclosed. “Emilio and Bluegem have been a true partner, bringing unwavering support for our innovative vision and enabling meaningful growth. Over the last four years, the company has strengthened the senior management team and invested in state-of-the-art production facilities, world-class ERP systems and innovative product development, ensuring we have the resources and expertise to push boundaries and set new industry standards. We look forward to working with PAI and Bluegem as we continue on this exciting journey of innovation and growth,” Stefano Banfo, Beautynova CEO.