Arcade Beauty, a global beauty company providing both retail and sampling solutions, has concluded a recapitalization with the support of 100% of its lenders and shareholders.
 
The transaction strengthens the company's financial foundation and positions the business for continued long- term success and growth. As part of the recapitalization, the company extinguished a substantial amount of debt and received a new capital infusion. Arcade Beauty is now owned by a consortium of global investment firms.

A Substantial Reorganization

"This is a tremendous result, and we are elated by the support from our existing stakeholders who believe in the unique value proposition we offer our customers. As a result of this fully consensual transaction, we are well positioned to execute on our business strategy, invest in our future growth and drive value for all of our stakeholders," said Carl Allain, chief executive officer of Arcade Beauty.
 
"This transaction will enable us to better serve our customers and partner more effectively with our supplier base to continue to deliver innovation, quality and high service levels. We are very excited to embark on this new chapter with a supportive board of directors and engaged investor base," added Jorge Garcia, Chief Financial Officer of Arcade Beauty.
 
The new board of directors issued the following joint statement regarding the transaction:
 
"We are excited to support Carl, Jorge and the company's broader management team in this new chapter of growth for Arcade Beauty. We believe the company's global capabilities, strong customer value proposition and best-in-class product innovation will be meaningfully enhanced with a newly recapitalized balance sheet and a highly aligned investor base. We look forward to partnering with the company to create significant value for all stakeholders."

More Arcade Beauty News

Last year, Arcade Beauty added new capabilities to its Retail Division.