Emerges Tag

Forma Brands, the parent company of Morphe and Lipstick Queen, amongst others, has been acquired by lenders from bankruptcy. Along with Jefferies Finance LLC, funds managed by Cerberus Capital Management LP, and FB Intermediate Holdings LLC, the corporate’s latest owners now also include &vest, a consumer brand investment and operational platform. Thomas Brady, president of Jefferies Finance, said, “On behalf of your entire investor group, we're pleased to finish the acquisition of Forma Brands, enabling the corporate to maneuver forward ready of economic strength. With a latest capital structure that features additional liquidity and fewer debt, Forma Brands is poised to return to growth and increase profitability while it continues providing consumers across the globe with thoughtfully chosen beauty products.”  As a part of the...