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TPG Reduces Investment in Anastasia Beverly Hills

The brand will reportedly lose roughly $600 million in funding.

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By: Rachel Klemovitch

Assistant Editor

TPG Inc. will withdraw most of its stake in Anastasia Beverly Hills, according to recent reports. 

According to Bloomberg, the cosmetic company would see a loss of around $600 million in investment.

Currently, nothing has been finalized. 

TPG now holds around 6% of the business, down from the roughly 38% it acquired in 2018.

Founder Anastasia Soare is reportedly exploring options to support the business, including a potential $225 million capital injection. 

The company has been in extended forbearance while negotiating with creditors following a missed loan payment earlier this year, which led to credit rating downgrades.

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