Monogram Capital adds a retailer to its fragrance portfolio, snapping up the three-unit Scent Bar concept.WHO: Founded in 2002 by Adam Eastwood and Franco Wright, Luckyscent was an e-commerce pioneer that now carries an assortment of 450 brands and 3,000 fragrances. Scent Bar, the first physical retail location, opened in 2006 in Los Angeles as a space designed not to push products, but to share experiences. The three brick-and-mortar outlets carry an edited selection of 200 to 250 brands. The brand has become a global destination for niche fragrance.Headquartered in Los Angeles, CA, private equity firm Monogram focuses exclusively on investing in leading consumer brands and service providers. With an operationally oriented mindset, the firm seeks to partner with inspiring founders and strong management teams to help them achieve their full potential, investing up to $75 million of equity per transaction.WHY: Monogram will fuel the expansion of Luckyscent’s three-unit retail concept Scent Bar, as well as the creation of a brand. A Brooklyn location is set to open in the first quarter, with plans for one to two additional outlets annually until Scent Bar reaches roughly a dozen units.IN THEIR OWN WORDS: “Luckyscent represents our further confidence in the fragrance category following our investments in Tru Fragrance, D.S. & Durga and Beach House Group’s Noyz brand launch last year,” Oliver Nordlinger, co-founder and Partner at Monogram, told Beauty Independent.DETAILS:Monogram Capital Partners acquired Luckyscent. The deal closed in January but was only made public recently.Oliver Nordlinger, co-founder and Partner at Monogram, joined Luckyscent’s board.