Pat McGrath Labs Secures $30M US Investment to Power Its Next Chapter

Pat McGrath Labs has secured a $30 million investment from US-based financial firm GDA Luma, reinforcing the brand’s path forward as it advances through restructuring.

According to Yahoo Finance, a Miami bankruptcy court approved the transaction, which includes $10 million in new debtor-in-possession financing and a commitment of an additional $20 million in post-emergence working capital.

Chapter 11 restructuring allows a company to continue operating while reorganizing its financial obligations under court supervision. The court-approved capital provides operational liquidity during this transition and positions the brand to move forward under a strengthened financial structure.

Under the terms of the agreement, GDA Luma is expected to hold a controlling interest upon exit. Founder Pat McGrath will retain a significant ownership stake and transition from Chief Executive Officer to Chief Creative Officer, continuing to lead the creative direction that built the brand into a global prestige beauty force.

Founded in 2015, Pat McGrath Labs quickly became one of the most influential makeup brands of the past decade, previously securing a $60 million minority investment in 2018 at a valuation exceeding $1 billion.

With new capital secured and leadership intact, the brand remains operational as it enters its next phase.