Tanja Tenniea, Principal, Beauty & Wellness Advisory on Influential Women

Influential Woman · Investment Banking - Beauty and Wellness M&A Advisory

Tanja Tenniea

Principal, Beauty & Wellness Advisory, North Point Mergers and Acquisitions

San Diego, CA 92110

Her Story

About Tanja

I started my career at Morgan Stanley in the London office, where I worked on the media and telecoms team. This is where I gained a lot of technical experience in helping model large M&A transactions. I then transferred over to the technology team, and I would say my time on the technology team were the most formative years. I got to work on basically all the sub-segments within technology - internet businesses like Facebook, Google, Twitter, WhatsApp, and then semiconductors and software as a service companies. I worked in San Francisco from 2013 to 2016. Then, for personal reasons, I moved to Los Angeles and joined the consumer retail group at Morgan Stanley. I was able to leverage my experience in tech because e-commerce was emerging as a major sales channel for a lot of consumer businesses. By virtue of me working with a lot of internet companies, I had a deep understanding of this e-commerce channel. When I moved to the consumer team, I combined my experience in internet and leveraged it towards consumer brands. I got to work with some of the e-commerce leaders like Honest Company (we took them public), Allbirds (a direct-to-consumer shoe brand), and Figs (a direct-to-consumer medical apparel brand). In addition to working with e-commerce leaders, I worked with traditional retailers, primarily on the apparel retail side - large corporates like Gap, Nordstrom, and Levi's. I also worked with restaurant businesses and helped sell Coffee Bean and Tea Leaf, a global coffee shop chain, to an Asian buyer. For the past 3 years, I have specialized in sell-side M&A, working with beauty and wellness brands to help them raise capital from private equity investors or find strategic buyers. I currently work at North Point, where I work much more directly with founders themselves on smaller, emerging high-growth brands. My job is extremely multifaceted - I do both selling and business development, tracking the landscape of consumer brands to identify potential targets, reaching out to those people, and building relationships. Once they mandate us on a potential sell side, I work very closely with them in the trenches, distilling the investment highlights of the business, figuring out the positioning, curating the buyer list, and reaching out to the buyers. I maintain a network with potential investors and strategic partners like L'Oreal, Estee Lauder, and Shiseido.

Her Interview

Ten minutes with Tanja

01What advice would you give to young women entering your industry?

The advice I would give is to focus on the relationship aspect of this job much earlier. I went from being an analyst in the back office, where I created PowerPoint presentations and Excel models and basically put information and analysis on paper for my senior partners to go to the clients and present. For a long time, this was my strong suit - the analysis portion, doing the work in the background. Over time, the transition to being more client-facing, being the one who builds the relationships and presents the material and is seen as the leader, was not an easy transition. I wish I had focused on that aspect earlier.

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