-
TPG Exits Most of Anastasia Beverly Hills Stake, Taking Major Loss
THE WHAT? TPG has largely exited its investment in Anastasia Beverly Hills through a debt restructuring, significantly eroding its approximately US$600 million stake in the cosmetics company. THE DETAILS The private equity firm acquired around 38% of the brand in a leveraged deal and now holds an estimated 6% following the restructuring. The move…
-
Mana Products furloughs staff as it weighs strategic options
THE WHAT? Mana Products has furloughed employees as the contract manufacturer evaluates potential paths for the business. THE DETAILS Industry sources indicate the furloughs follow an attempted sale that is believed to have fallen through. While declining to comment on “rumors or speculation,” Mana’s CEO said the company is working with its stakeholders as…