TPG Takes Nearly $600 Million Hit On Cosmetics Investment

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TPG Takes Nearly $600 Million Hit On Cosmetics Investment

dealbreaker

6 months ago

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TPG has sold most of its stake in Anastasia Beverly Hills, significantly reducing the private equity firm's $600 million investment in the cosmetics brand. TPG now holds roughly a 6% stake, down from its original 38%. The decision is part of Anastasia Beverly Hills' debt restructuring, as the brand is facing significant financial challenges, including missed payments and credit downgrades.TPG Takes $600 Million Hit on ‘Eyebrow Queen’ Cosmetics Bet [Bloomberg]For more of the latest in litigation,...

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