We advised the ad hoc group of lenders on the transaction

Davis Polk advised an ad hoc group of secured lenders in connection with an out-of-court restructuring and recapitalization of Arcade Beauty and its affiliates. The transaction closed on March 8, 2023, with the support of 100% of the company’s lenders and shareholders. As part of the recapitalization, Arcade Beauty extinguished a substantial amount of debt and received a new capital infusion. Arcade Beauty is now owned by a consortium of leading global investment firms.

Arcade Beauty is a leading provider of solutions to the beauty industry, including sampling and retail solutions. The company has a global footprint, with its 12 facilities servicing more than 400 beauty brands worldwide. It was formed in 2014 via the merger of Arcade Marketing and Bioplan, two prominent sample packaging businesses based in New York and Paris, respectively.

The Davis Polk restructuring team included partner Damian S. Schaible, counsel Aryeh Ethan Falk and associate Abraham Bane. The finance team included counsel Christian Fischer and associate Gene Goldmintz. The corporate team included partner Stephen Salmon and associates Tierney O’Rourke and Sarah Catherine Chouinard. Partner Patrick E. Sigmon provided tax advice. Counsel Daniel P. Herrmann provided advice on executive compensation. Members of the Davis Polk team are based in the New York and Northern California offices.

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