FULLBEAUTY Brands Holdings has completed a financial restructuring to emerge from chapter 11 bankruptcy with around $35m in new financing.
The company has cleared approximately $900m of debt during the bankruptcy process.
In January 2019, the fashion brand signed a comprehensive restructuring support agreement with its key stakeholders, including equity sponsors Apax Partners and Charlesbank Capital Partners, in an effort to reduce the debt.
Now that the company has emerged from bankruptcy, affiliates of Apax Partners and Charlesbank Capital Partners will now acquire minority stakes for thei…
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