This article was originally published in The Rose Sheet
Executive SummaryPrivate equity firms Berkshire Partners LLC and JH Partners LLC announce $408 mil. recapitalization of mineral-based cosmetics marketer MD Beauty. Transaction, which closed Oct. 7, marks third recapitalization of company by the equity firms, which have returned approximately 245% of the equity capital invested in MD Beauty to date, JH Partners says. MD Beauty distributes cosmetics and skin care brands such as Bare Escentuals, which are sold in Ulta and Sephora stores and in company-owned boutiques, as well as on the QVC shopping network...
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