BoF: US makeup brand sells minority stake to boost global expansion
Date 21 June 2018
Type Investment Banking
The Business of Fashion Magazine features an article about Anastasia Beverly Hills. The social media-savvy makeup brand plans to use its capital to fund global expansion and has recently sold a minority stake to PE firm TPG Capital. Justine Mannering, MD at Alantra US and Co-Head of Personal Care, reflects on the deal and how the investment responds to the current rates in the market.