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L Catterton-Backed Magnificence Enterprise Valued at $1.5 Billion by New Buyers

L Catterton-Backed Magnificence Enterprise Valued at .5 Billion by New Buyers

A consumer-technology firm whose manufacturers embody on-line magnificence merchandise vendor Il Makiage and that’s backed by private-equity agency L Catterton gained a number of new buyers via a $130 million deal valuing the enterprise at $1.5 billion.

Cash managers Franklin Templeton and Constancy Investments joined billionaire movie producer and know-how investor Thomas Tull in main the transaction, which included First Gentle Capital Group, an funding agency based by his spouse, Alba Tull.

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