Pat McGrath Labs Acquired by GDA Luma — Consumer M&A

GDA Luma Capital Management has completed the acquisition of Pat McGrath Labs, a consumer brands dtc business in the United States, for $30m. Pat McGrath Labs is a premium beauty brand selling directly to consumers through its cosmetics and skincare product lines, with founder Dame Pat McGrath continuing as Chief Creative Officer. GDA Luma Capital Management acquires Pat McGrath Labs to secure brand equity, stabilize operations, and support ongoing product momentum for consumer M&A. The private equity acquisition is structured as a Chapter 11 recapitalisation acquisition, with up to $10m in debtor-in-possession funding and at least $20m in post-emergence working capital. Paladin Management Group has been appointed Chief Restructuring Officer, and the recapitalisation acquisition is expected to complete in the coming weeks.