{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-222959","form_type":"8-K","ticker":"ELF","cik":"0001600033","company_name":"e.l.f. Beauty, Inc.","filed_at":"2023-08-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.499271+00:00","generated_at":"2026-06-11T02:23:32.151939+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"e.l.f. Beauty to acquire skin care brand Naturium for $355M in cash and stock","bullets":["Total consideration of $355M includes ~$70M (600k shares) of e.l.f. stock issued to founders and key management.","Naturium expected ~$90M net sales and ~$17M adj. EBITDA this year; purchase multiple ~4x sales and ~21x EBITDA.","Deal expected to close around Sept. 30, 2023; fiscal 2024 contribution estimated at $48M net sales, $9M adj. EBITDA, $0.04 adj. EPS.","Financed via cash on hand, revolver borrowings, and $115M incremental term loan under amended credit agreement.","Naturium to remain in Los Angeles; founder Susan Yara supports transaction and brand's integration."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-222959","json":"https://secwatch.observer/filing/0001193125-23-222959.json","markdown":"https://secwatch.observer/filing/0001193125-23-222959.md","text":"https://secwatch.observer/filing/0001193125-23-222959.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1600033/000119312523222959/0001193125-23-222959-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1600033/000119312523222959/d533955d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T02:23:32.151939+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d011d8c6289f0b9fb8bf892b60e537ce9fcd06bf","claim":"e.l.f. Beauty, Inc. entered into Securities Purchase Agreement with Naturium LLC, TCB-N Prelude Blocker Corp., The Center Brands LLC, Elaine J. Balady valued at $355.0 million total consideration, $72.02 million in stock (effective 2023-08-28).","evidence_excerpt":"On August 28, 2023 (the “ Signing Date ”), e.l.f. Beauty, Inc., a Delaware corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) by and among the Company, Naturium LLC, a Delaware limited liability company (“ Naturium ”), TCB-N Prelude Blocker Corp., a Delaware limited liability company (“ Blocker ”), The Center Brands LLC, a Delaware limited liability company (“ TCB ”), Elaine J. Balady, an individual (together with TCB, the “ Naturium Sellers ”), TCB Prelude Holdings, LLC, a Delaware limited liability company (together with the Naturium Sellers, the “ Sellers ” and each, a “ Seller ”), e.l.f. Cosmetics, Inc., a Delaware corporation (“ e.l.f. Cosmetics ”), and TCB, in its capacity as the Sellers’ representative (the “ Representative ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1600033/000119312523222959/0001193125-23-222959-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Naturium LLC, TCB-N Prelude Blocker Corp., The Center Brands LLC, Elaine J. Balady"},{"label":"Value","value":"$355.0 million total consideration, $72.02 million in stock"},{"label":"Effective","value":"2023-08-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}