Castanea Partners, a private equity firm based in Newton, said it has agreed to sell the Urban Decay cosmetics brand to L’Oréal, a global beauty company. Terms of the transaction were not disclosed. The transaction is expected to close by the end of the year. According to a Castanea Partners press release, the Urban Decay brand emphasizes “femininity and irreverence.”
Unlimited access to BostonGlobe.com for only 99 cents for the first 4 weeks.Sign up
Are you a home delivery subscriber?
Get FREE access as part of your print subscriptionStart Here
Contact us for help