Ropes & Gray Represents TPG Growth in Minority Investment in Beautycounter
Ropes & Gray advised TPG Growth in its minority investment in Beautycounter, a Santa Monica, Calif.-based brand focused on the development, production and sale of safe skin care and beauty products. TPG Growth is the middle market and growth equity investment platform of TPG, the global private equity firm. The investment was announced Dec. 17; financial terms were not disclosed.
The Ropes & Gray team advising TPG Growth was led by private equity partner Carl Marcellino (New York) and included tax partner Leo Arnaboldi (New York) and corporate associate Hannah Jenkins (New York).