GDA Luma Injects up to $30M to Take Control of Pat McGrath

GDA Luma Capital Management has secured court approval to inject up to $30m into Pat McGrath Labs as part of a Chapter 11 recapitalization that will give GDA Luma a controlling stake in the beauty brand.

The financing package includes up to $10m in debtor-in-possession funding and at least $20m in post-emergence working capital. GDA Luma is positioned as a senior secured creditor during the restructuring, while founder Dame Pat McGrath retains a significant stake and continues as Chief Creative Officer.

Paladin Management Group has been appointed Chief Restructuring Officer to oversee the process, with the recapitalisation expected to complete in the coming weeks.