Anastasia Beverly Hills to help fund partial buyout by TPG with US$650 million loan

Anastasia Beverly Hills to help fund partial buyout by TPG with US$650 million loan

Anastasia Beverly Hills is hoping to secure a loan of some US$650 million to help fund a partial buyout by private equity firm TPG Capital, according to a report published by Bloomberg.

TPG Capital is said to have put forward US$700 million for a 38 percent stake in the company, a deal that was agreed last month giving the make-up brand a value of approximately US$2.5 billion.  

Industry analysts have pointed to the difficulty experienced by other beauty brands in the leveraged loan market at present – with Revlon loans trading below their par value, according to Bloomberg.

Representatives for both Anastasia Beverly Hills and TPG declined to comment when contacted by Bloomberg.

1 Comment

  1. NEIL FARMER ASSOCIATES

    TPG Capital is one of the largest private equity groups in the world, so it will be interesting
    to see how this develops. Leveraged loans are not easy in the beauty market at present.
    TPG clearly sees good value in the business and seems prepared to go all the way to make the
    deal happen.

    Reply

Leave a reply

Your email address will not be published. Required fields are marked *

TOP 50 BRANDS