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TPG Acquires Stake in e.l.f.

The investment company has acquired a major stake in the cosmetics company.

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By: Jamie Matusow

Editor-in-Chief

TPG Growth has acquired a majority stake in e.l.f. Cosmetics. TPG is a middle market and growth equity investment platform.

e.l.f. cosmetics is one of the fastest growing cosmetics brands in the U.S. Existing management will continue to have a meaningful investment in and an ongoing role with the company. Terms of the transaction were not disclosed.

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