VIG pays $127m for majority stake in Korean skincare player
VIG Partners has agreed to buy a 73% stake in Press & Converting, a Korea-based manufacturer of facial masks primarily used for skincare, in a deal worth KRW146 billion ($127 million).
According to AVCJ Research’s records, the investment will facilitate an exit for HES Capital Partners, which acquired a minority interest in the company last year for KRW40 billion. C.J. Son, founder...
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