TSG Completes Smashbox Cosmetics Sale
July 6, 2010- Share:
TSG Consumer Partners has completed its sale of Smashbox Cosmetics, a provider of high-end cosmetics and beauty products, to Estée Lauder (NYSE: EL). Smashbox was advised by Deutsche Bank and Ropes & Gray on the transaction, while Estée Lauder was advised by Moelis & Company and Weil Gotshal & Manges. TSG acquired a 33% stake in Smashbox by providing the company with a $20 million growth investment in 2006.
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