KKR has acquired South Korean cosmetics packaging leader Samhwa Co. from TPG for $528 million, enhancing its investment portfolio in the thriving cosmetics market.
Target Information
KKR has successfully acquired South Korean cosmetics packaging company Samhwa Co. from TPG for $528 million (733 billion won), according to reports by Reuters. Established in 1977 as a mould manufacturer, Samhwa has evolved into a prominent supplier of packaging solutions for over 300 global cosmetic brands, including well-known names like L’Oréal, Estée Lauder, Chanel, and LVMH.
With South Korea being one of the leading exporters of cosmetics globally, Samhwa is strategically positioned to capitalize on the growing worldwide demand for cosmetic products. The company plans to leverage KKR’s extensive international network to forge stronger relationships with major luxury brands while accelerating its global market expansion.
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Industry Overview in South Korea
The cosmetics industry in South Korea has rapidly grown, becoming a vital segment within the country’s economy. South Korea ranks among the top three in global cosmetic exports, driven by an increasing domestic demand for
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KKR
invested in
Samhwa Co.
in 2023
in a Buyout deal
Disclosed details
Transaction Size: $528M