PE-backed Chinese baby skincare brand bought by Johnson & Johnson
Private equity-backed Shanghai Elsker Mother & Baby, a Chinese manufacturer of natural baby skincare products, has been acquired by Johnson & Johnson. Terms of the transaction were not disclosed but the price is said to be around RMB650 million ($104 million).
Exiting investors include Edmond de Rothschild Private Equity China Fund and Shenzhen Maison Capital, as well as Elsker founder Xiaokun Liu. Founded in 2006, the company distributes its products through...
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