Jefferies and Cerberus

Method

Jefferies Finance and Cerberus Capital Management, later joined by &Vest, are the lenders who provide 33 million dollars of bankruptcy financing and acquire Forma Brands and Morphe for 690 million dollars in 2023, converting debt into ownership. They keep Simon Cowell as chief executive and run the brand through Ulta and direct sales.

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The path: money and goods moving

• acquiredForma BrandsJefferies and Cerberus acquire Forma Brands out of Chapter 11 for 690 million dollars.2023