TheFaceShop - beautiful returns for investors
Affinity Equity Partners has pulled off a highly lucrative exit long rumored by AVCJ sources with its sale of Korean cosmetics investment, TheFaceShop, to Korean strategic buyer LG Household & Health Care Ltd., a division of LG Group.
The trade sale of TheFaceShop has an equity value of KRW470 billion ($409 million) for 100% of the company. LG Household will buy 90% of the company, including the 70.2% held by Affinity, which originally...
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