Trinitas Equity Partners, together with its partners, has acquired the South African beauty company, Avroy Shlain. The competitive seven-month process culminated in a deal that includes a significant management shareholding and two local family offices. Debt facilities have been provided by Investec Private Capital.

Andrew Hall, one of Trinitas’ founding executives, said that a significant mid-market business like Avroy Shlain was a compelling investment opportunity and a good fit fo...