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Beauty and the balance sheet — Private credit firms rush to give BPC companies a makeover

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Beauty and the balance sheet — Private credit firms rush to give BPC companies a makeover

Anna Russi's avatar
David Brooke's avatar
  1. Anna Russi
  2. +David Brooke
4 min read

It usually only takes a few negative headlines to unsettle investors about a particular sector.

But even in the year Carlyle wrote off its investment in Beautycounter, a cosmetics brand it acquired in 2021 and valued at $1bn, concerns have been scarce. Instead, the beauty and personal care (BPC) sector has seen a notable influx of private capital this year.

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