CDIB Capital invests in L&P Cosmetics

By Natasha Spencer

- Last updated on GMT

CDIB Capital invests in L&P Cosmetics

Related tags: Investment

South Korean facial skin care name, L&P Cosmetics, receives an undisclosed sum from CDIB Capital, the private equity arm of China Development Financial.

Facial skin care

In today’s marketplace, the global facial and skin care industry is worth $120 bn (€107.5 bn), with Korea and China experiencing annual growth in the facial masks sphere of over 20% and leading product development innovations.

L&P Cosmetics, which was established in 2009, promotes its leading facial sheet masks through its Mediheal label.

Global strategy

As part of its future strategy, CDIB Capital anticipates significant expansion opportunities in new geographical markets including Southeast Asia, Japan, Middle East, Europe and Americas to coincide with the growth of the facial care industry with young consumer audiences.

“We believe that the company is uniquely positioned with exceptional product innovation capabilities and a highly efficient asset light business platform,”​ commented Lionel de Saint-Exupéry, Chairman and CEO of CDIB Capital.

“Under CEO Ohsub Kwon’s leadership, L&P is bound to keep enjoying significant growth on the back of the rapid adoption of facial masks in China and the rest of the world,”​ Saint-Exupéry added.

With a valuation of over 2 tn won (€1.6 bn), L&P Cosmetics is anticipated to restart its IPO process in June. Its resumed position comes after China took retaliatory measures against South Korean firms after the deployment of a missile defence system.

Recent acquisitions

In Asia-Pacific, the beauty and fitness industries are creating co-beneficial relationships. On 11th May 2017, CDIB Capital and its co-investors acquired a minority interest in Taiwanese fitness centre chain, World Fitness Services.

“They bring depth of knowledge and experience in capital markets as well as a network expanding into China and other Asian markets, which will prove helpful as we look beyond Taiwan,”​ said John Caraccio, Company President, World Fitness Services.

CDIB Capital’s latest investment in China follows numerous deals in 2016, including a RMB 200 mn (€26 mn) investment in sporting goods retail platform, Tutwo (Xiamen) Outdoor.

Following this investment, the financial arm has also committed to two Chinese-based deals in an IT-driven logistics organisation and renewable resource technology company.

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