Announced
Financials
Sources
Tags
Cosmetics
body care
Acquisition
Private Equity
Majority
Pending
Single Bidder
South Korea
Friendly
Domestic
Private
Synopsis
VIG Partners, a Korean buyout fund, agreed to acquire on The Skin Factory, a home and personal care firm. Financial terms were not disclosed. “Kundal is a unique, groundbreaking brand that shifts the dynamics of a low growth offline HPC market which was controlled by a few chaebol-affiliated brands. We are strongly convinced that Kundal is set to evolve into a leading K-Personal Care brand that provides customers with distinctive values through product and sales channel differentiation," Chulmin Lee, VIG Managing Partner.
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