MD Beauty
This article was originally published in The Rose Sheet
Executive Summary
San Francisco-based cosmetics company announces completion of a definitive agreement to recapitalize its business with private equity firms Berkshire Partners and JH Partners May 5. The transaction is anticipated to close in June, firm notes. Financing will be used to help MD Beauty continue distribution expansion of its cosmetics and skin care brands, including Bare Escentuals, which are sold in Ulta and Sephora stores and in 19 company-owned boutiques, as well as on the QVC TV shopping network. MD Beauty opened its first Bare Escentuals boutique in New York earlier this month, and will launch four additional outlets this year, the company says...