Pat McGrath Labs Still Looking for Buyers

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Pat McGrath Labs Still Looking for Buyers

dealbreaker

4 months ago

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Pat McGrath Labs is being shopped to potential buyers via the bankruptcy process, days after one of the brand's investors, private equity firm GDA Luma, said it had acquired a controlling stake. Gordian Group, Pat McGrath Labs' investment bank, is shopping an "investment and acquisition opportunity" involving the brand. Potential buyers were informed that any transaction must repay debtor-in-possession claims totaling over $60 million, plus an estimated $70 to $80 million in secured claims.Pat M...

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