By  on April 4, 2019

Morphe has hired Jefferies to explore a capital raise, according to industry sources.

The business is said to have done about $350 million in sales for 2018, with nearly $100 million in earnings before interest, taxes, depreciation and amortization. The business has been backed by Elevate Brandpartners, which also backs sunglasses line Quay, since 2017. Elevate is backed by private equity firm Summit Partners.

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