By  on June 22, 2018

Anastasia Beverly Hills’ investment from private equity firm TPG may be the last big makeup deal the beauty world sees for a while.

The transaction, which sources say values the business at $3 billion, follows several other large deals in the makeup space, including L’Oréal’s acquisition of IT Cosmetics for $1.2 billion and the Estée Lauder Cos. Inc. purchase of Too Faced for $1.45 billion. According to experts, Anastasia will likely be the last of this large-scale makeup M&A era.

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