The cosmetic company would see a loss of around $600 million in investment.
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As reported by Bloomberg reporters Laura Benitez and Allison McNeely, TPG Inc. exited most of its stake in Anastasia Beverly Hills, according to people familiar with the matter. The cosmetic company would see a loss of around $600 million in investment.
In 2018, TPG purchased around 38% of Anastasia Beverly Hills. The deal was financed through a combination of debt taken on by Anastasia and preferred shared bought by TPG.
Anastasia Soare, founder of the company, is discussing options, including injecting around $225 million to restructure the business. Talks also include lenders taking equity positions and providing more debt.
Currently, nothing has been finalized.
