Pat McGrath Labs Secures $30 Million P.E. Investment

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Pat McGrath Labs Secures $30 Million P.E. Investment

dealbreaker

5 months ago

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Weeks after Pat McGrath Labs filed for bankruptcy, U.S.-based private equity firm GDA Luma is investing $30 million into the makeup brand. The transaction injects $10 million in new debtor-in-possession financing into the brand and commits an additional $20 million in post-emergence working capital. Founder Pat McGrath will retain a "significant" stake and transition from chief executive to chief creative officer. Pat McGrath Labs Secures Fresh Investment [Business of Fashion] For more of the la...

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