{"id":117803,"date":"2025-09-04T08:45:08","date_gmt":"2025-09-04T08:45:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/117803\/"},"modified":"2025-09-04T08:45:08","modified_gmt":"2025-09-04T08:45:08","slug":"kkr-buys-south-koreas-samhwa-in-528-million-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/117803\/","title":{"rendered":"KKR buys South Korea&#8217;s Samhwa in $528 million deal"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -U.S.-based KKR has acquired South Korea&#8217;s cosmetics packaging company Samhwa Co from TPG in a deal valued at 733 billion Korean won ($528 million), Samhwa said on Thursday.<\/p>\n<p class=\"yf-1090901\">KKR said the acquisition is an addition to its long track record of investing in Korean businesses. The firm had earlier backed companies, including fashion retailer Musinsa, energy provider SK E&amp;S and recycling firm Ecorbit.<\/p>\n<p class=\"yf-1090901\">The deal comes as South Korea&#8217;s cosmetics industry gains global popularity and ranks among the world&#8217;s top cosmetics exporters.<\/p>\n<p class=\"yf-1090901\">Samhwa said it plans to leverage KKR&#8217;s global network to deepen partnership with major global luxury brands.<\/p>\n<p class=\"yf-1090901\">Founded in 1977 as a mold development and manufacturing company, Samhwa now provides packaging solutions to more than 300 cosmetic brands, including L&#8217;Or\u00e9al, Est\u00e9e Lauder, Chanel and LVM.<\/p>\n<p class=\"yf-1090901\">TPG, a NASDAQ-listed investment firm, has been an investor in Samhwa since 2023.<\/p>\n<p class=\"yf-1090901\">($1 = 1,388.1500 won)<\/p>\n<p class=\"yf-1090901\">(Reporting by Sherin Sunny in Bengaluru; Editing by Sumana Nandy)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -U.S.-based KKR has acquired South Korea&#8217;s cosmetics packaging company Samhwa Co from TPG in a deal valued&hellip;\n","protected":false},"author":2,"featured_media":117804,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[564],"tags":[64,63,83414,740,47717,83416,83415,83417,5813,85,60597],"class_list":["post-117803","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cricket","tag-au","tag-australia","tag-cosmetics-industry","tag-cricket","tag-kkr","tag-korean-businesses","tag-samhwa","tag-samhwa-co","tag-south-korea","tag-sports","tag-tpg"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/117803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=117803"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/117803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/117804"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=117803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=117803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=117803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}