The Carlyle Group completed the acquisition of a majority stake in Counter Brands from TPG Capital.

The Carlyle Group completed the acquisition of a majority stake in Counter Brands, parent company of Beautycounter, a clean beauty firm, valuing the company at $1bn, from TPG Capital. Mousse Partners co-invested alongside Carlyle. "Today marks an exciting and important milestone for our company and I am so proud to partner with Carlyle as we continue to work toward achieving that mission. I have long admired Jay and the team at Carlyle for their experience working with brands at the intersection of cultural relevance and consumer demand and believe that our combined vision will be instrumental in accelerating Beautycounter as the leader in clean beauty, and in the beauty industry as a whole," Gregg Renfrew, Beautycounter Founder and CEO.