Ropes & Gray Advises FB Debt Financing Guarantor and its Subsidiaries in 363 Sale of r.e.m. Beauty
Ropes & Gray represented FB Debt Financing Guarantor, LLC and certain of its subsidiaries, a producer of top beauty brands including Morphe®, Morphe 2®, Jaclyn Cosmetics®, and Born Dreamer®, in their 363 carve-out sale of the r.e.m. beauty business to an entity associated with Ariana Grande, AGREM BTY, LLC. The sale was part of debtors’ settlement with several entities associated with Ariana Grande.
The Ropes & Gray team was led by business restructuring partner Gregg Galardi and private equity counsel Ellen Wheeler, and included IP transactions partner Erica Han, litigation partner Matthew McGinnis, tax partner Benjamin Rogers, andbusiness restructuring associate Lindsay Barca.