Kathy Fields

About Kathy Fields

Dermatologist Kathy Fields and her business partner Katie Rodan have created two successful skincare brands: Proactiv Solutions and Rodan + Fields.

In May 2018, private equity firm TPG spent $1 billion to buy a 25% stake in Rodan + Fields.

Rodan + Fields borrowed $600 million in junk bonds in June 2018 and used it to pay the founders a dividend.

Rodan + Fields did not reveal 2018 revenue, but it hit $1.5 billion in 2017; the direct marketing firm conducts sales through 300,000 'consultants.'

In 2016, the two dermatologists sold their Proactiv royalties to a joint venture between Guthy Renker and Nestle, which markets the product.