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TPG Takes Majority Stake in e.l.f. Cosmetics

Equity firm looks to "accelerate its already impressive growth trajectory."

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By: TOM BRANNA

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TPG Growth has acquired a majority stake in e.l.f. Cosmetics, one of the fastest growing cosmetics brands in the U.S. from company founders and equity investor TSG Consumer Partners LLC. Existing management will continue to have a meaningful investment in and an ongoing role with the company. Terms of the transaction were not disclosed, by TPG Growth, which is the middle market and growth equity investment platform of TPG, the global private investment firm. “Through its differentiated approac...

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