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FullBeauty Brands plans new debt for buyout by Apax Partners
By Sara Rosenberg
New York, Aug. 18 – FullBeauty Brands plans on getting new debt financing to help fund its purchase by Apax Partners LLP from Charlesbank Capital Partners and Webster Capital, according to a news release.
J.P. Morgan Securities LLC, Jefferies Finance LLC, Goldman Sachs Bank USA and Deutsche Bank Securities Inc. are the lead banks on the debt.
Closing is expected during the fourth quarter, subject to customary conditions.
Following the closing of the transaction, Charlesbank will maintain a substantial ownership interest in the company.
FullBeauty Brands is a New York-based catalog retailer and online marketplace for plus-size consumers.
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