Overview:
CVC Capital, a British private equity firm, has announced its successful purchase of Serin Company, the renowned cosmetics firm recognized for its Round Lab brand and the popular Dokdo Toner.
Transaction Details:
This strategic acquisition is valued at approximately 800 billion won (US$600 million), allowing CVC Capital to acquire a complete 100% equity stake. The sellers, Calypso Capital and Meritz Securities, are anticipated to benefit significantly, with potential returns between three to four times their initial investment of 230 billion won made in 2022.
Motivations:
The investment highlights CVC Capital’s recognition of the growing appeal of the K-beauty sector. This industry is increasingly captivating a global audience due to its innovative approaches and emphasis on natural ingredients.